What is the average cost to produce one widget

Assignment Help Basic Computer Science

Reference no: EM131220140

The following table shows the hourly wages, hours worked, and output (number of widgets produced) in one week for five widget makers.

Use MATLAB to answer these questions:

a. How much did each worker earn in the week?

b. What is the total salary amount paid out?

c. How many widgets were made?

d. What is the average cost to produce one widget?

e. How many hours does it take to produce one widget on average?

f. Assuming that the output of each worker has the same quality, which worker is the most efficient? Which is the least efficient?

Reference no: EM131220140

Questions Cloud

Government budget deficit or surplus : What is the government's budget deficit or surplus in 2015? What is its proposed deficit or surplus in each of the years 2016-2019? (Don't do any discounting for this question).

Complete the general journal entries and ledger : Use the following TRANSACTIONS AND ADDITIONAL INFORMATION to complete the General Journal Entries, Ledger, Worksheet and Financial Statements for the first of the month of operations for The Golf Club.

What is the velocity and the speed of plane a : Plane A is heading southwest at 200 mi/hr, while plane B is heading west at 150 mi/hr. What is the velocity and the speed of plane A relative to plane B?

Demand for goods : How many units of good 1 and good 2 will Bart demand? As his income keeps increasing, how would it affect demand for both goods?

What is the average cost to produce one widget : Assuming that the output of each worker has the same quality, which worker is the most efficient? Which is the least efficient?

Identify the goals of the criminal justice system : Define crime, its relationship to the law, and the two most common models of how society determines which acts are criminal. Describe the government structure as it applies to the criminal justice system.

Compute the distance between diver 1 and the starting point : Compute the distance between diver 1 and the starting point.

Cultivating small vegetable gardens : Many household supplement their food budget by cultivating small vegetable gardens. Explain how each of the following might influence this kind of household production.

Football stadium that seats a maximum : Goliath State University (GSU) has a football stadium that seats a maximum of 80,000 fansand is sold out for every home game. The price of a ticket to attend a GSU football game is$40 and the most that anyone would ever pay for a ticket is $300.

User Account

All Pages