What is the minimum they will bid on the project

Assignment Help Business Economics

Reference no: EM13735539

If a company wants a 20% profit, what is the minimum they will bid on the project? Given: Each modular home to be installed is $100,000. The installation is to be done by one crew over 4 years (paid $10/hour with 5% increase/year) with a learning curve 80% and assumed 1200 hours for first installation. Contract is for 10 homes for year 1, and 20 homes for years 2,3, & 4 each.

Reference no: EM13735539

Questions Cloud

Stages of team development : Discuss the stages of team development. As the leader of a virtual team, how would you facilitate the team's development through each stage?

What happen to the quantity of apples demanded : The own price elasticity of demand for apples is -1.2 if the price of apples falls by5%, what happen to the quantity of apples demanded?

Persons marginal rate of substitution : Assume a person is working 40 hours per week. If the wage rate is greater than the person’s marginal rate of substitution (MRS) at 40 hours, he or she would maximize utility by working more hours. Persons with more education will be able to earn (on ..

Followership habits and style : Consider your followership habits and style as well as what you expect from your leader. Discuss the following questions in your post:

What is the minimum they will bid on the project : If a company wants a 20% profit, what is the minimum they will bid on the project? Given: Each modular home to be installed is $100,000. The installation is to be done by one crew over 4 years (paid $10/hour with 5% increase/year) with a learning cur..

Hypothesis development and testing : The Final Paper provides you with an opportunity to integrate and reflect on what you have learned during the class. The question to address is: "What have you learned about statistics?" In developing your responses, consider - at a minimum - and d..

Market period for a highly-perishable crop like tomatoes : In the immediate market period for a highly-perishable crop like tomatoes, the individual farmer's supply curve tends to be:

Create a powerpoint to introduce louisiana history : 5- 10 slids of Powerpoint to introduce Louisiana's history, funny facts. Make short and interesting.

What is a marketing plan : Explain what is a marketing plan and explain its main components giving examples.

User Account

All Pages