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Below is a simple/familiar (I hope) worksheet for the "Dice Game". Answer the following questions given the data for the each Work Center's scheduled production:
RollWC 1
Remaining WIP for WC 2
RollWC 2
RemainingWIP for WC 3
RollWC 3
RemainingWIP for WC 4
RollWC 4
RemainingWIP for WC 5
RollWC 5
Addedto FG
Week 1
5
6
4
2
a. How much is added to Finished Goods on the first week?
b. What is the Remaining WIP for WC 4?
c. What would WC 2's actual production be?
Suppose the inverse demand curve for a market is equal to p = 100 -- 0.3Q. The inverse market supply curve is p = 20 + 0.5Q. 1. Calculate the equilibrium price and quantity;
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