Homework Answers
Option c is correct (increase production of both items: resources freed from production of laptops would be used for making more tablets)
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Assume that your company produces two goods: laptops and tablets. Assume also that your company has limited resourc...
11. A rational person will a. never make mistakes in choices. b. select
11. A rational person will a. never make mistakes in choices. b. select the choice where the expected present benefit is greater than the expected value of the costs. c. follow the Maslow Hierarchy of wants. d. be uncaring and void of emotions 12. Assume that your company produces two goods; laptops and tablets. Assume also that your company has limited resources (including time) to devote to producing these items. Now assume that the laptop team...
2. A small country produces only two goods, Laptops and Mountain Bikes. Given its limited resources,...
2. A small country produces only two goods, Laptops and Mountain Bikes. Given its limited resources, this country has the following production possibilities: Laptops Mountain Bikes 100 100 250 300 a. Draw the production possibilities curve. b. Suppose this country improves its technology for producing Laptops, but technology remains the same for the production of Mountain Bikes. What happens to the production possibility curve? c. How does this change affect the opportunity cost of increasing Mountain Bike production?
1. Country Z has an economy that produces two goods: Food (A) and Housing (B). These...
1. Country Z has an economy that produces two goods: Food (A) and Housing (B). These goods require the use of two resources. A unit of Food requires the use of 2 units of labor and 4 units to capital while one unit of housing requires the use of three (3) units of labor and five (5) units of capital. Country Z only has 150 units of labor and 200 units of capital available. Dl BL A. Use the above...
Improving Efficiency A major goal of operations management is to increase the efficiency of an organization's...
Improving Efficiency A major goal of operations management is to increase the efficiency of an organization's production system. The fewer the inputs required to produce a given output, the higher the efficiency of the production system. Managers try to increase efficiency by thoughtfully attending to factors that include facility layout, inventory control, and the use of self-managed work teams. There are many methods managers can use to improve efficiency. This exercise will let you test your understanding of these methods....
Cane Company manufactures two products called Alpha and Betathat sell for $135 and $95, respectively....
Cane Company manufactures two products called Alpha and Beta that sell for $135 and $95, respectively. Each product uses only one type of raw material that costs $6 per pound. The company has the capacity to annually produce 105,000 units of each product. Its unit costs for each product at this level of activity are given below:AlphaBeta Direct materials$30$18 Direct labor2316 Variable manufacturing overhead108 Traceable fixed manufacturing overhead1921 Variable selling expenses1511 Common fixed expenses1813 Total cost per unit$115$87The company considers its traceable fixed manufacturing overhead to be...
Cane Company manufactures two products called Alpha and Beta that sell for $150 and $105, respectively....
Cane Company manufactures two products called Alpha and Beta that sell for $150 and $105, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 107,000 units of each product. Its unit costs for each product at this level of activity are given below:AlphaBeta Direct materials$30$10 Direct labor2520 Variable manufacturing overhead1210 Traceable fixed manufacturing overhead2123 Variable selling expenses1713 Common fixed expenses2015 Total cost per unit$125$91The company considers its traceable fixed manufacturing overhead to be...
Beztec Limited produces two models of Printers: the Lexon, which Beztec has produced since 2014 and...
Beztec Limited produces two models of Printers: the Lexon, which Beztec has produced since 2014 and sells for $990; and the Protox, a newer model introduced in 2016 that sells for $1254. Based on the following income statement for the year ended 31 December 2017, senior management at Beztec have decided to concentrate marketing resources on the Protox model and to begin to phase out the Lexon model because the Protox generates a much bigger operating profit per unit. Beztec...
Question 2: Budget (20 marks in total) Kuipers Manufacturing is a medium sized company that manufactures...
Question 2: Budget (20 marks in total) Kuipers Manufacturing is a medium sized company that manufactures and markets a range of products. The divisions of Kuipers Manufacturing include whitegoods, kitchenware and outdoor furniture. The senior management team oversees the budgeting process. This includes the managing director, the financial controller, the manufacturing director and the marketing director. Jack Kohler the managing direct of Kuipers Manufacturing, recognises the importance of the budgetary process for planning, control and motivation. He believes that a...
Data Analysis Project Part 1 Custom Fabric Ventures is a small company that produces fabric-based wardrobe...
Data Analysis Project Part 1Custom Fabric Ventures is a small company that
produces fabric-based wardrobe accessories (such as, handbags,
scarves, and headbands) and home accessories (such as placemats,
pillows, and window treatments). The company keeps a
limited number of popular items in stock, but primarily produces
custom orders. Customers are able to choose from a wide selection
of styles, sizes, and fabrics for each type of product. Most of the
company’s customers are small boutiques, home décor shops, and
home-decorators...
PLEASE ANSWER ALL THE QUESTION FROM 1-14. NO INCOMPLETE ANSWER PLEASE Cane Company manufactures two products...
PLEASE ANSWER ALL THE QUESTION FROM 1-14. NO INCOMPLETE ANSWER PLEASE Cane Company manufactures two products called Alpha and Beta that sell for $140 and $100, respectively. Each product uses only one type of raw material that costs $8 per pound. The company has the capacity to annually produce 106,000 units of each product. Its unit costs for each product at this level of activity are given below: Alpha Beta Direct materials $ 32 $ 16 Direct labor 24 19...
2. A small country produces only two goods, Laptops and Mountain Bikes. Given its limited resources, this country has the following production possibilities: Laptops Mountain Bikes 100 100 250 300 a. Draw the production possibilities curve. b. Suppose this country improves its technology for producing Laptops, but technology remains the same for the production of Mountain Bikes. What happens to the production possibility curve? c. How does this change affect the opportunity cost of increasing Mountain Bike production?
1. Country Z has an economy that produces two goods: Food (A) and Housing (B). These goods require the use of two resources. A unit of Food requires the use of 2 units of labor and 4 units to capital while one unit of housing requires the use of three (3) units of labor and five (5) units of capital. Country Z only has 150 units of labor and 200 units of capital available. Dl BL A. Use the above...
Data Analysis Project Part 1Custom Fabric Ventures is a small company that
produces fabric-based wardrobe accessories (such as, handbags,
scarves, and headbands) and home accessories (such as placemats,
pillows, and window treatments). The company keeps a
limited number of popular items in stock, but primarily produces
custom orders. Customers are able to choose from a wide selection
of styles, sizes, and fabrics for each type of product. Most of the
company’s customers are small boutiques, home décor shops, and
home-decorators...
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