24. Assume Amanda always maximizes her total utility given h…
24. Assume Amanda always maximizes her total utility given her budget constraint. Every morning for breakfast she has two eggs and three sausages. If the marginal utility of the last egg is 10 utils and the price of eggs is $1 each, what can we say about the marginal utility of the last sausage if the price of each sausage is $2?
Read DetailsSkill D5. Consider this board production line that has the…
Skill D5. Consider this board production line that has the following characteristics (data from Hopp and Spearman). Parts arrive at a rate of 36 boards per hour, and the SCV of the interarrival times = 1. Suppose that boards are moved in transfer batches of 4 boards from the MMOD workstation to the SIP workstation. Estimate the total cycle time (in minutes) for these two workstations. Number of Mean process Process time Workstation machines time (minutes) SCV MMOD 1 1.43 4 SIP 1 1.43 4
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