ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Using the accompanying log-log graph, answer the following questions:
500
400
300
200
Actual
Optimum
100
80
60
40
20
10
10
50
100 150
200
Total units produced
Labor-hours per unit
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Transcribed Image Text:Using the accompanying log-log graph, answer the following questions: 500 400 300 200 Actual Optimum 100 80 60 40 20 10 10 50 100 150 200 Total units produced Labor-hours per unit
b) What could be causing the fluctuations above the optimum line?
A. fluctuations in the quality of raw materials
B. turnover in the workforce
C. inconsistent maintenance of machinery
D. All of the above.
c) If management forecasted the tenth unit on the optimum line, what was that forecast in hours?
The optimum time for the tenth unit is approximately
hours.
d) If management built the tenth unit as indicated by the actual line, how many hours did it take?
The actual time for the tenth unit is approximately
hours.
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Transcribed Image Text:b) What could be causing the fluctuations above the optimum line? A. fluctuations in the quality of raw materials B. turnover in the workforce C. inconsistent maintenance of machinery D. All of the above. c) If management forecasted the tenth unit on the optimum line, what was that forecast in hours? The optimum time for the tenth unit is approximately hours. d) If management built the tenth unit as indicated by the actual line, how many hours did it take? The actual time for the tenth unit is approximately hours.
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