ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
Question
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Chapter 1, Problem 54P
To determine

Which approach is more economical for assembling 1000 units of test equipment in the next year?

Approach 1: Using skilled workers, at $33 per hour each, can individually assemble the test equipment in 2.6 hours per unit.

Approach 2: Using four less skilled workers, at $19 per hour each can assemble a unit in one hour.

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