The Return of Detroit City: Enpar manufactures engine parts for Ford using steel as an input. Enpar operates two plants, one in Detroit, MI and one in Greenville, SC. The production functions for the two Enpar plants are: Detroit: QD=28SD-0.25 SD2 Greenville: QG= 60SG-0.5 SG² where QD and QG are the outputs of engine parts (in units) from the Detroit and Greenville plants, respectively. Sp and SG are the amounts of steel for the two plants. The firm has 171 units of steel available. How much steel should be sent to Detroit? Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER.
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- The Return of Detroit City: Enpar manufactures engine parts for Ford using steel as an input. Enpar operates two plants, one in Detroit, MI and one in Greenville, SC. The production functions for the two Enpar plants are: Detroit: 2 QD=20SD - 0.25 S₂² Greenville: 2 QG= 47SG - 0.5 SG² where Qp and QG are the outputs of engine parts (in units) from the Detroit and Greenville plants, respectively. Sp and SG are the amounts of steel for the two plants. The firm has 126 units of steel available. How much steel should be sent to Detroit? Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER.The Return of Detroit City: Enpar manufactures engine parts for Ford using steel as an input. Enpar operates two plants, one in Detroit, MI and one in Greenville, SC. The production functions for the two Enpar plants are: Detroit: QD=20SD -0.25 SD² Greenville: QG= 53SG - 0.5 SG² where QD and QG are the outputs of engine parts (in units) from the Detroit and Greenville plants, respectively. Sp and SG are the amounts of steel for the two plants. The firm has 159 units of steel available. How much steel should be sent to Detroit? Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER.The Return of Detroit City: Enpar manufactures engine parts for Ford using steel as an input. Enpar operates two plants, one in Detroit, MI and one in Greenville, SC. The production functions for the two Enpar plants are: Detroit: QD= 12SD - 0.25 S,2 Greenville: QG= 42SG-0.5 SG? where Qp and QG are the outputs of engine parts (in units) from the Detroit and Greenville plants, respectively. Sp and SG are the amounts of steel for the two plants. The firm has 83 units of steel available. How much steel should be sent to Detroit? Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER.
- The Rocky Mountain Publishing Company isconsidering introducing a new morning newspaper inDenver. Its direct competitor charges $0.25 at retailwith $0.05 going to the retailer. For the level of newscoverage the company desires, it determines the fixedcost of editors, reporters, rent, pressroom expenses,and wire-service charges to be $300,000 per month.The variable cost of ink and paper is $0.10 per copy,but advertising revenues of $0.05 per paper will begenerated. To print the morning paper, the publisherhas to purchase a new printing press, which will cost$600,000. The press machine will be depreciatedaccording to a seven-year MACRS class. The pressmachine will be used for 10 years, at which time itssalvage value would be about $100,000. Assume 300issues per year, a 40% tax rate, and a 13% MARR.How many copies per day must be sold to break evenat a retail selling price of $0.25 per paper?Sharp Inc., a wholly Ghanaian owned company specializes in the production of hand sanitizers branded as Quin. The company has branches in all the regions in Ghana with its head office located at Cape Coast. It employs 1,200 people and pays an average of GH¢ 550.00 as income tax to the government of Ghana on a monthly basis. Suppose that seven thousand, eight hundred and twenty (7,820) units of Quin are produced and supplied by Sharp Inc. but the quantity demanded for Quin is eight thousand (8,000) units. Ceteris Paribus, a GH¢ 20.00 change in the price of Quin results in a change in quantity demanded for and supplied of 4 and 5 units, respectively. [Hint: change in X due to change in Y is given as Ax]. Given the above information: a) Determine the equilibrium price and equilibrium quantities of Quin. b) Suppose the Government of Ghana in the wake of the COVID-19 pandemic grants a subsidy of GHs 4.50 on each Quin produced. Compute the new equilibrium price and quantities of Quin. c)…Tyre presently rents and uses 7000 square meters of warehouse space for $2700 a month. It has the option of reducing the rented space to 2000 square meters, in which case the monthly rent would be $1000 a month. Furthermore, Tyre could cease renting warehouse space entirely. Tom Clay, the Tyre Corp. plant engineer, is considering three alternatives: 1. Buy the new warehouse and lease half the space to the Johnson Company. In turn, the Tyre-rented space would be reduced to 2000 square meters. 2. Buy the new warehouse and cease renting any warehouse space. 3. Continue as is, with 7000 square meters of rented warehouse space.
- Profit Analysis Unendo, is a large computer game manufacturer. They have estimated that the demand function for their game "Star Wars Battlefront III" is as follows... STAR WARE BATTLEFRONT p = 86 - 0.05q where p is the price of a game and q is the number of game produced and sold per week. They estimate that their cost function in dollars is ... Clq) = 179 + 5000; where the fixed cost is $5000 and the marginal cost is $17 per game Unendo wishes to maximize the weekly profit of producing and selling the game. Find the maximum profit they can earn. (Round your answer to 2 decimal places, if necessary)Question Eleven Sharp Inc., a wholly Ghanaian owned company specializes in the production of hand sanitizers branded as Quin. The company has branches in all the regions in Ghana with its head office located at Cape Coast. It employs 1,200 people and pays an average of GH¢ 550.00 as income tax to the govemment of Ghana on a monthly basis. Suppose that seven thousand, eight hundred and twenty (7,820) units of Quin are produced and supplied by Sharp Inc. but the quantity demanded for Quin is eight thousand (8,000) units. Ceteris Paribus, a GH¢ 20.00 change in the price of Quin results in a change in quantity demanded for and supplied of 4 and 5 units, Ay respectively. [Hint: change in X due to change in Y is given as ax ]. Given the above information: a) Determine the equilibrium price and equilibrium quantities of Quin. b) Suppose the Govemment of Ghana in the wake of the COVID-19 pandemic grants a subsidy of GHs 4.50 on each Quin produced. Compute the new equilibrium price and…Purpoll Oven operates a bakery in Quezon City. Due to its delicious products andstrategic location, there is a 25% increase in their demand last year. However, their customershave not been able to buy the bread of their choice. Meanwhile, additional ovens can’t be addedto the facility due to its size. During the kaizen meeting, a staff suggested a different process toload the oven, making the process more efficient. This process will require manual loading ofbread into the oven, hence additional labor is needed. This is the only this to be changed.Assuming every employee works 192 (24 days per month, 8 hours per day) hours per monthand the bakery makes 2,000 bread per month with a labor productivity of 3.472 bread permanhour, how many workers will the bakery need to add?
- Berger Paints sold the following volumes of white paint over the last four as shown (week 1-750 kg, week 2-825 kg, week 3-625 kg, week 4- 568 kg), Using the following weights accordingly 0.1, 0.2, 0.3, 0.4 project what week 5 projected volume. a. 465 b. 324 Oc. 655 d. 326Q2. Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has a determined that if a truck is driven 105,000 kilometers during a year, the average operating cost is 11.4 cents per kilometers. If a truck is driven only 70,000 kilometers during a year, the average operating cost increases to 13.4 cents per kilometer. (The Singapore dollar is the currency used in Singapore). a. Using the high-low method, estimating the variable and fixed cost elements of the annual cost of the truck operation. b. Express the variable and fixed costs in the form Y= a + bx. c. If a truck were driven 80,000 kilometers during a year, what total cost would you expect to be incurred?Question Two: The following data for a small farm operating in a perfectly competitive market are given in the table below. The price is $10 per yogurt. Q TC 100 10 200 20 280 30 330 40 360 50 380 60 390 70 425 80 500 90 610 100 750 Instructions: 1. What is the firm's decision at that price? (whether to produce or to shutdown), justify your answer. 2. Show the range of output at which the firm experience IMR and DMR. 3. Using excel, now suppose the price of strawberry yoghurt decreases to $5.5 per unit, what is the right decision firm should take, (produce or shutdown) justify your answer.