Think of a new product you would want to introduce in the market. It can be a good already being sold but which you can innovate and improve, or it could be something really new that you yourself conceptualized. Describe that product in terms of design, composition as to materials used, product use or application and its attributes which you believe are unique in that product.

The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?