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The goal is to replicate a real life product development and familiarize students with the invent process of a system, component, or process to meet desired wants within realistic constraints such as economic, environmental, social, political, ethical, health and safety, manufacturability, and sustainability.
Requirements
a. Make a problem statement.
- Recognize the need and criteria for acceptability
With the aid of a diagram explain the long run average cost curve and the influences upon it.
d
Example of a cost function
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Tom's pizza sells for $ 5.00 ea and serves an average of 425 customers per week. During a recent sale, Tom lowered the price to $ 4.00 per ea. Sales increased to 500 customers duri
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