Business, 02.10.2020 23:01 adriandehoyos1p3hpwc
A toy manufacturer uses 64,400 rubber wheels per year for its popular dump truck series. The firm makes its own wheels, which it can produce at a rate of 600 per day. The toy trucks are assembled uniformly over the entire year. Carrying cost is $8 per wheel a year. Setup cost for a production run of wheels is $60. The firm operates 280 days per year. Determine the:
Optimal run size
Minimum total annual cost for carrying and setup
Cycle time for the optimal run size
Run time
Answers: 1
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Suppose that the world price of steel is $100 a ton, india does not trade internationally, and the equilibrium price of steel in india is $60 a ton. suppose that india now begins to trade internationally. the price of steel in india the quantity of steel produced in india a. does not change; does not change b. falls; increases c. falls; decreases d. rises; decreases e. rises; increases the quantity of steel bought by india india steel. a. increases; exports b. decreases; imports c. decreases; exports d. does not change; neither imports nor exports e. increases; imports
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A toy manufacturer uses 64,400 rubber wheels per year for its popular dump truck series. The firm ma...
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