What is the maximum number of meals Sheldon can produce in 12 hours? What is the maximum number of laundry baskets Sheldon can complete in 12 hours?
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The Big Bang Theory
Assume the hours needed to cook a meal or done a basket of laundry
are different, and they are described below:
1 MEAL 1 BASKET
SHELDON 2 1
LEONARD 1/2 2
1. What is the maximum number of meals Sheldon can produce in 12 hours? What is the maximum
number of laundry baskets Sheldon can complete in 12 hours?
2. Plot in a graph: Sheldon’s
3: Plot in a graph: Leonard’s production possibility frontier.
4. What is Sheldon’s opportunity cost of one meal (in terms of baskets given up)? What is his
opportunity cost of one basket (in terms of meals given up)?
5. Does Leonard have an absolute advantage in producing both meals and baskets?
6. Who has a
7. Suppose each person has 12 hours for the two tasks in a week, and suppose both Sheldon and
Leonard each spend 6 hours on cooking and 6 hours on laundry. Consider an offer from Leonard to
Sheldon: do 3 baskets of laundry for me each week, and I’ll cook you 2 meals. Can you find a production
plan such that the offer benefits both Leonard and Sheldon? Hint: For a production plan, you need to
specify how each person divides his 12 hours between the two tasks. The offer benefits Sheldon (or
Leonard) when it results in no fewer meals and no fewer baskets for him.
8. Consider the same setup in number 7 Consider another offer from Leonard to Sheldon: do 1 basket of
laundry for me each week, and I’ll cook you 3 meals. Can you find a production plan such that the offer
benefits both Leonard and Sheldon? Explain.
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- What is the minimum cost of crashing the following project that Roger Solano manages at Slippery Rock University by 4 days? Normal Crash Activity Time (days) Time (days) A BUDI The total cost of crashing the project by 4 days is $ C E 68458 5 6335 Activity BCDE Normal Cost By how many days should each activity be crashed to reduce the project completion time by 4 days? Fill in the table below. (Enter your responses as whole numbers.) с $900 $300 $500 $900 $1,000 Total Cost with Crashing Immediate Predecessor(s) $1,000 $400 $600 $1,200 $1,600 (Enter your response as a whole number.) Each Activity Should be Reduced BY (days) | | | < 0Given the following data on inputs and outputs at a work center, determine the cumulative deviation and the backlog for each time period. The beginning backlog is 7. (Negative amounts should be indicated by a minus sign.) Input Period 1 2 3 4 5 6 Planned 200 200 180 190 190 200 Actual 210 200 179 195 193 194 Output Period 1 2 3 4 5 6 Planned 200 200 180 190 190 200 Actual 205 194 177 195 193 200 1 2 3 4 5 6 Input Cumulative Deviation Output Cumulative Deviation Backlog 7Lake Stevens Marina has estimated that fixed costs per month are $350,000 and variable cost per dollar of sales is $0.30 . The selling price per dollar of sales is: $1.00 Determine the effect on the break-even point in sales dollars considering each of the following independently. 1. Total fixed costs increase to $365,000. Break-even point = ÷ = 2. Variable costs decline to $0.25 per sales dollar. Break-even point = ÷ = 3. The anticipated sales volume increases to $1,100,000. Break-even point = ÷ = Comment on the BEPs from the above analyses in questions 1,2,3.
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- 1. Power Notebooks, Inc. plans to manufacture a new line of notebook computers. Management is trying to decide whether to purchase the LCD screens for the computers from an outside supplier or to manufacture the screens in-house. The screens cost $100 each from the outside supplier. To set up the assembly process required to produce the screens in-house would cost $100,000. The company could then produce each screen for $75. The number of notebooks that eventually will be produced (Q) is unknown at this point. a. Set up a spreadsheet that will display the total cost of both options for any value of Q. Use trial-and-error with the spreadsheet to determine the range of production volumes for which each alternative is best. b. Use a graphical procedure to determine the break-even point for Q (i.e., the quantity at which both options yield the same cost). 2. Back Savers is a company that produces backpacks primarily for students. They are considering offering some combination of two…Is the following statement correct? Vertical integration is the process of a company expanding its operations either backward into an industry that produces inputs for the company’s products, such as raw materials or product components. For example, producing car batteries is an input of the automotive industry but can also be integrated vertically. Vertical integration can also be done forward into an industry that uses, distributes, or sells the company's products and it moves to the final delivery of the product to the customer. The parallel shifts from car ownership to the mobility of demands change the automotive industry. Car manufacturers test different business models, such as car sharing, in order to morph into mobility providers which is a typical forward integration strategy. Please choose an answer: True Not correctIn Benefit/cost ratio analysis, if the salvage value is used to recover the first cost, it is being considered as: Select one: a. negative cost b. cost c. benefit d. disbenefit =================== Ali takes out a loan at 10 percent compounded annually for 7 years. At the end of this period, he pays off the loan at a value of $23,384.61. What amount did he borrow? Select one: a. $12,000.00 b. $15,000.00 c. $14,000.00 d. $13,000.00 ============= While considering the engineering economy concepts, the most important tense almost all exercises deal with is the annual worth. Select one: True False Ans all
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