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Lilit [14]
2 years ago
11

If all you knew about a production system was that total daily output was 400 units and the total labor necessary to produce the

400 units was 350 hours, and the total materials used were 425 units, what kind of productivity measure could you use to compute productivity?
Business
1 answer:
Serjik [45]2 years ago
6 0

Answer:

partial measure

Explanation:

Based on the information provided it can be said that the kind of productivity measure that can be used would be a partial measure. Partial Productivity measure relates output to a single input unit. For example, capital productivity deals with output per unit of capital while energy productivity relates output per joule of energy used. In this scenario, we would need labor productivity which is output per hour worked.

You might be interested in
Like a good economist, you calculated the opportunity cost of getting your college degree. Suppose that at your university, you
Georgia [21]

Answer:

The opportunity cost is $130,000 for the four year duration.

Explanation:

Here, it is clear that I will not go to the job, so going to university is the only option left. Now, the loss of the job income is also an opportunity cost with an amount $20,000 which will aggregated with the University specific costs.

University Specific cost for 4 Years = 4 * (Tuition Cost + Textbooks + Job Opportunity loss)

The room and board cost is common between college and the university so it must not be considered for the decision making.

By putting values, we have:

University Specific cost for 4 Years = 4 * ($10,000 + $2,500 + $20,000)

University Specific cost for 4 Years = $130,000 for the four years

The opportunity cost is $130,000 for the four year duration.

For better understanding of relevant costing (Opportunity cost analysis), consider the following question:

brainly.com/question/14423321

3 0
1 year ago
The typical consumer's food basket in the base year 2015 is as follows: 30 chickens at $4 each 10 hams at $5 each 10 steaks at $
jarptica [38.1K]

Answer:

A) change in the cost of eating index = <u>20% increase</u>

B) Suppose that consumers are completely indifferent between two chickens and one ham. For this example, how large is the substitution bias in the official "cost-of-eating" index?

The <u>INCREASE</u> in the cost-of-eating index is <u>18</u> %.

The <u>OVERESTIMATE</u> of inflation in the cost of eating reflects substitution bias.

Explanation:

2015

product               units              unit cost               total

chickens              30                      $4                   $120

hams                    10                      $5                     $50

<u>steaks                  10                      $8                     $80</u>

total                                                                       $250

2016

product               units              unit cost               total

chickens              30                      $5                   $150

hams                    10                      $7                     $70

<u>steaks                  10                      $8                     $80</u>

total                                                                       $300

A) ($300 - $250) / $250 = 20%

B)

if consumers are indifferent for 2 chickens per 1 ham, then the new basket should be assuming consumers will purchase the cheapest option:

2016

product               units              unit cost               total

hams                    25                      $7                   $175

<u>steaks                  10                      $8                     $80</u>

total                                                                       $255

the increase in inflation would have been = ($255 - $250) / $250 = 2%

the substitution bias = reported inflation - real inflation = 20% - 2% = 18%

8 0
2 years ago
Builder Monty must secure a loan with mortgages on five different lots. What type of loan will he need?
Zielflug [23.3K]

Answer:

B. Blanket loan

Explanation:

According to my research on the different types of loans provided by banks, I can say that based on the information provided within the question the type of loan that Monty will need is called a Blanket Loan. This is because this is a type of loan that is given by a bank in order for an individual to be able to buy multiple pieces of real estate

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
2 years ago
Read 2 more answers
Taking into account recent technological developments what technical advances do you think are possible in the next twenty years
9966 [12]

Answer:

1. Automation and robotics

2. Hyperloop and autonomous vehicles

3. Smart drones

4. Virtual reality learning

5. Space vacation (tourism)

Explanation:

1. Automation and robotics: This will continue to transform the manufacturing sector in various ways with use of Internet of Things (IoT), learning though data collection and analysis, there will be a general increase in robotic integration.

2. Hyperloop and autonomous vehicles: pneumatic tube that uses a series of linear induction motors and compressors to propel vehicles at super fast speeds. Hyperloop’s technology will be the future of long distance travel in the world. Also, autonomous vehicle technology will become a safer alternative to human driving.

3. Smart drones: The use of drones for delivering parcels, Medicine, Pizza, and all types of goods is receiving large investment from Google, Amazon, Walmart and so on. Drones will be the future of delivering items in future.

4. Virtual reality classrooms and meetings: This is a technological advancement that will provide an engaging and immersive experience in learning and other virtual meetups without leaving ones current environment.

5. Space vacation (tourism): This will give opportunity to the members of the public to buy tickets(return tickets) to travel to the space and probably stay for a given period. With the help of companies like Spacex, Orbital Technologies etc, space tourism is becoming a realistic target.

5 0
2 years ago
Following are forecasts of sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of December 31, 2017
andreev551 [17]

Answer:

Explanation:

Current Forecast Horizon Terminal

Year ($ millions) 2017 2018 2019 2020 2021 Sales ........................................................$2,785 $3,838 $5,289 $7,288 $10,043 $10,244 ....................................................330 455 627 864 1,190 1,214NOA .........................................................533 735 1,012 1,395 1,922 1,961ROPI Model

NOPAT – [NOABeg× rDiscount

factor [1 / (1 × ] ...................0.88496 0.78315 0.69305 0.61332 Present value of horizon ................342 416 507 619 present value of horizon ........$1,884 Present value of terminal ...............5,375 .........................................................533 Total firm value ........................................$7,792 Less ..............(462) Firm equity value .....................................8,254 Shares outstanding (millions) ..................103.3 Stock value per share ..............................$ 79.90

7 0
1 year ago
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