1. Write the production for your team Stage I Stage 2 Stage 3 Stage Units Value Total Piece in Stage Total Stage Total Units Value Units Value inventory cost Station 1-$5 1O 5 505 25 10 50 Station 2- 구 | 10 | 70 20 200 10 200 $10 01 20 100 Station 3- 9 20 180 $20 10 20 Station 4= $30 30 450 45 2745 O 30 0 30 300 01 15 Shipped parts profit= $45 10 45 350 55 45 45 61 Net profit l050 20 50 2. Answer the following questions. a. Assume that the production for the third stage was double (due to equal 10-minute time lapse). Calculate the production increase in percentage. b. Consider the throughput information from the first stage consider a lead time of 10 seconds per unit per station to calculate the WIP c. Determine the TAKT for each station. Consider a daily demand of 1000 units and using the throughput information from the first stage calculate the production rate.

1. Write the production for your team Stage I Stage 2 Stage 3 Stage Units Value Total Piece in Stage Total Stage Total Units Value Units Value inventory cost Station 1-$5 1O 5 505 25 10 50 Station 2- 구 | 10 | 70 20 200 10 200 $10 01 20 100 Station 3- 9 20 180 $20 10 20 Station 4= $30 30 450 45 2745 O 30 0 30 300 01 15 Shipped parts profit= $45 10 45 350 55 45 45 61 Net profit l050 20 50 2. Answer the following questions. a. Assume that the production for the third stage was double (due to equal 10-minute time lapse). Calculate the production increase in percentage. b. Consider the throughput information from the first stage consider a lead time of 10 seconds per unit per station to calculate the WIP c. Determine the TAKT for each station. Consider a daily demand of 1000 units and using the throughput information from the first stage calculate the production rate.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Quantity 0 1 2 3 4 5 6 7 8 Total Cost $60 90 109 125 140 160 184 210 240 TVC AVC 49 $0 30 30.00 90.00 24.50 54.50 65 21.67 41.67 16 80 20.00 35.00 15 100 124 150 AC -LL_ 20.00 32.00 MC 21.43 30.00 180 22.50 30.00 30 19 20.67 30.67 24 20 26 30 Given the costs above, what is this perfectly competitive firm's total profit* when the market price is $15? *Note: Be sure to use a negative sign if the firm incurs a loss.
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Q Demand Supply TR TFC TVC TC AVC AFC АС MR MC Profit 100 100 100 4 4 -100 10 90 10 40 100 40 140 4 10 14 4 -100 20 80 20 80 100 155 2.75 7.75 30 70 30 120 100 67 40 60 40 160 100 77 177 1.925 4.425 50 50 50 100 86 186 60 40 60 240 100 193 1.55 3.216667 70 30 70 100 113 213 80 20 80 320 100 143 1.7875 1.25 3.0375 90 10 90 360 100 283 10 77 100 100 400 100 283 2.83 3.83 4 3.83 17 The price of the commodity is P4/unit. Complete the table above 1. Graph the demand and supply 2. Graph the TR, TC and Profit 3. Graph the ATC and MC 4. Graph the ATC, MC ,MR, AVC & MC 5. Provide a brief on Graph. 4