ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- 8. Productive and allocative efficiency A clothing company can use one of the following four production processes to produce 5,000 garments per month. Which production process is the most productively efficient? One that involves 30 workers and 50 machines One that involves 20 workers and 20 machines One that involves 20 workers and 50 machines One that involves 30 workers and 20 machinesarrow_forwardQuantity Total Benefit 0 1 2 3 4 5 6 7 8 0 100 190 270 340 400 450 490 520 Marginal Benefit --- 100 90 80 70 60 50 40 30 What quantity will maximize total net benefits? What is the marginal benefit at the optimal quantity? What is the marginal cost at the optimal quantity? What is the total net benefit at the optimal quantity? Total Cost 15 30 55 90 135 190 255 330 415 î ♥ Marginal Cost --- 15 25 35 45 55 65 75 85 Total Net Benefit -15 70 135 180 205 210 195 160 105 Marginal Net Benefit --- 85 65 45 25 5 -15 -35 -55arrow_forward3. Recycling CanFor the past 10 years, five Colorado cities have held a recycling contest to see which citydoes the best job of recycling plastic, glass, and aluminum. Those participating in thisyear’s contest are Arvada, Centennial, Lakewood, Highlands Ranch, and Parker.To make the contest fair for both large and small cities, the winning city will be the one that recycles the largest number of cans per capita—the number of cans recycled dividedby the number of city residents. 0.02 per can Recycling Can Contest City Population Jan Feb Mar Total Per Capita Arvada 15,855 10,505 24,556 12,567 Centenntial 28,951 24,567 21,777 26,719 Lakewood 142,547 102,376 105,876 121,987 Highlands Ranch 2,801,561 2,714,664 2,503,344 1,999,877 Parker 1,689,908 1,523,665 1,487,660 1,002,545 Total -…arrow_forward
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