-SELECTION IN PRESENT ECONOMY PROBLEMS Problem 1 A contractor has a construction company that is currently handling a 2- storey residential building construction that should be completed 150 days. At present the said contractor has 100 men on the job and it is estimated that they will finish the work in 216 days. If of the 100 men, 60 are paid Php 300 a day, 30 are paid Php 350 a day and 10 are paid Php 550 a day and if for each day beyond the original 100 days, the contractor has to pay Php 1,800 liquidated damages. How many total men should the contractor have to complete the work on time and without paying any liquidated damages? If the additional men of 10 are paid Php 550 a day and the rest are paid Php 300 a day, would the contractor save money by employing more men and not paying the fine?

2. Tom borrowed Php500,000 from her parents to open a spa. He pays her parents a 5% yearly return on the money they lent her. Her other yearly fixed costs equal Php150,000 and his variable costs equal Php200,000. In her first year, Tom had a total of 2,000 customers at a price of Php300/customer. Tom's total fixed cost is 675000 – WRONG ANS

Learning Rate: 0.55 Hourly Wage $30 /hr Steady State Hours 40 hours Number of Iterations to 6 reach Steady State Yy = aXb Log LR Log 2 b What is the cost for completing the activity the Third Time ? O $1,680.85 O $2,181.82 $3,254.21 O $4,335.54 $5,627.74 O $6,093.74 $7,351.38 O $8,264.98 $9,376.27

A man is considering investing P500, 000 to open a semi-automatic auto-washing business in a city of 400, 000 population. The equipment can wash, on the average, 12 cars per hour, using two men to operate it andto do small amount of hand work. The man plans to hire two men, inaddition to himself, and operate the station on an 8-hour basis, 6 days perweek, 50 weeks per year. He will pay his employees P25. 00 per hour. Heexpects to charge P25. 00 for a car wash. Out-of-pocket miscellaneouscost would be P8, 500 per month.He would pay his employees for 2 weeks for vacations each year.Because of the length of his lease, he must write off his investment within 5years. His capital now is earning 15%, and he is employed at a steady jobthat pays P25, 000 per month. He desires a rate of return of at least 20% onhis investment. Would you recommend the investment?a) Use ROR methodb) Use Annual Worth methodc) Use present worth methodd) Use future worth methode) Solve for the payback period and the…