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Consider a production system consisting of 2 resources M1 and M2. These resources are used to manufacture two different products A and B. Product A requires a standard time of 4 minutes on resource M1 and 3 minutes on resource M2. Product B requires a standard time of 2 minutes on resource M1 and 8 minutes on resource M2. Assume that the resources are operated for 8 hours per day and that each resource requires a setup time of half an hour every day.
a. Assume that the daily demand for A is 90 units and the daily demand for B is 60 units. Can the daily demand be met by the current resources?
b. Assume that the firm would like to maximize its flow rate while maintaining a daily production mix of 3A's for 2B's. What is the bottleneck resource? What is the maximum flow rate?
c. What would be the flow rate if the capacity of resource 2 were doubled?
Then, use a cyclical materials flow approach, and conduct a hypothetical life cycle assessment (LCA), pointing out at least two preventive initiatives that would reduce environmental risk.
Compute the opportunity cost for Florida of oranges in terms of jars of prickly pear jelly. Do the same for prickly pear jelly in terms of oranges.
a) Just to provide the 2.7 billion "severely" poor population with $1 more output per day b) To raise the incomes of the world's "severely poor" population (income less than $2 per day) to the official threshold of U.S. poverty (roughly $5,000 per..
given that an economy;s production function is Y=F(K,L)=K0.3L0.7. Assuming that the depreciation rate is 10%/year. What's the steady state capital per worker, output per worker, and consumption per worker for saving rates
How did Samsung's unveiling of the Galaxy S5 affect the demand for the S4 (News, p. 51)? What determinant(s)of demand changed? How did Walmart's price cut compensate? LO3-1
Your accountants tell you that it costs $400 to set up an immunization program at a preschool and immunize one child against polio. It will cost $460 to immunize 20 more children.What is the cost per child for these additional 20 children
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if the quantity of money rose 10 velocity was unchanged and output rose 6 what would be the inflation rate according
Suppose you believe that interest rates are due to rise. Where would you prefer to have your life savings invested, Treasury bills or zero-coupon Treasury bonds? Why?
Consider a point on a supply curve where price and quantity are positive
Calculate measured employment and unemployment and the measured labor force for each economy. Calculate the measured unemployment rate and participation rate for each economy. In which economy is measured GDP higher?
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