EconomicsQuestion 2A time study is performed on a operation, resulting in the data following (in minutes)?Allowance per 8 hour shiftClothes changeUnavoidable delay15 minutes35 minutesLunch30 minutesShower and changeTotal30 minutes110 minutesa) Compute mean observed time for each elementb) Compute normal time for each element and total normal time in minutesc) Compute the allowance fraction for the operation. Assume 480 minutes per shift.d) Compute the labour standard for the operation

The purpose of this question is to show the data on various elements of an operation, and is to…

Question 2 A time study is performed on a operation, resulting in the data following (in minutes)? Allowance per 8 hour shift Clothes change Unavoidable delay Lunch Shower and change Total 15 minutes 35 minutes 30 minutes 30 minutes 110 minutes

Question 2 A time study is performed on a operation, resulting in the data following (in minutes)? Allowance per 8 hour shift Clothes change Unavoidable delay Lunch Shower and change Total 15 minutes 35 minutes 30 minutes 30 minutes 110 minutes

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: Suppose that you can sell as much of a product (in integer units) as you like at $6 8 per unit. Your…

A: MR = P = $68MC = 10QFC = $60 , $75

Q: Refer to the information provided in the figure at right to answer the question that follows. The…

A: The goods and services produced in the economy and its total demand are known as aggregate demand.…

Q: Assume potential GDP is 3,500 and actual GDP is 3,000. If the consumption function is C=100+0.5Yd ,…

A: The consumption function shows the positive relationship between consumption and disposable income.…

Q: True or False?

A: The first statement is False. A decrease in income does not pivot the budget line around the bundle…

Q: Consider an industry with four competitors who simultaneously set output levels (Cournot model).…

A: The purpose of this question is to be Cournot model, each firm chooses its output level based on its…

Q: If the price of fuel needed to fly aeroplanes increases and consumer incomes also increase what can…

A: The question is asking about the impact of two simultaneous changes in the market for air travel: an…

Q: Customer Relationships Hypothesis AssignmentInstructions: Complete this document and submit it to…

A: The provided questions have been answered from the generalized theories of 'Managerial…

Q: Suppose there are many sellers with used cars that they value at amounts ranging from $0 to 15,000$.…

A: A uniform distribution is a distribution having uniform or constant level of probability of occuring…

Q: Game Theory: A game between two friends) (a) Write down the set of pure strategies for each player,…

A: The purpose of this question is to show the analyze strategic communication using game theory. Game…

Q: What is the theory of bureaucratic behavior and how can it be used to explain the behavior of the…

A: The theory of bureaucratic behavior is a concept in political science and economics that explains…

Q: Question 7 The graph below represents a competitive market. Which of the following government…

A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve. The…

Q: 1) Consider observable effort. Assume that if the Agent does not accept the wage the Principal…

A: - Agent's outside option utility (v): 2- Probability of high profit under effort : - Probability of…

Q: Question 16 With the aid of diagrams, outline the Cournot model of duopoly and explain what happens…

A: With the aid of diagrams, outline the Cournot model of duopoly and explain what happens in the…

Q: Price $95 and cost per unit 70 59 35 20 580 835 MR 1740 2204 ATC MC D Quantity 12) Refer to Figure 6…

A: DISCLAIMER Since your question has multiple sub-parts, we will solve the first three sub-parts for…

Q: TABLE 12-1 Income, Expenditure, and the Current Account The table shows data for the United States…

A: A current account deficit arises when a nation's spending exceeds the income generated from exports.…

Q: What is the unemployment rate in Country A? 13.33% 11.76% 11.11% 8%

A: Unemployment rate is defined as the proportion of the people in the working age who are actively…

Q: Suppose the landowner and the tenant share output in equal proportions. What will be the levels of x…

A: In a scenario where the landowner and tenant share output equally. Determine the optimal levels of…

Q: The Bureau of Economic Analysis is an agency of the U.S. Department of Commerce. It lists data about…

A: FDI stands for Foreign Direct Investment. It refers to whether an agency or person from one United…

Q: 5. If Reebok Shoes (RS) experiences a decrease in popularity, which of the following would happen? a…

A: The objective of the question is to understand the impact of a decrease in popularity of a product,…

Q: Fixed Costs are £100, Variable costs are constant at £3 per unit produced. (i) Write a table showing…

A: Total Revenue (TR): This is the total income a firm receives from selling a given quantity of goods.…

Q: An increase in taxes when the economy is above full employment OA. increases; falls B. increases;…

A: The objective of the question is to understand the impact of an increase in taxes on aggregate…

Q: The production and cost schedule of a perfectly competitive firm is provided in the figure below..…

A: The behavior of a perfectly competitive firm is guided by profit maximization. The firm will produce…

Q: Explain the production expansion path below in Figure 2: Figure 2 Capital per week 4 3 2 1 I I A=20…

A: This question asked us to explain the characteristics of the production expansion path shown in…

Q: Suppose that education does not affect worker’s productivity, but it is more costly for low-ability…

A: “Since you have posted a question with multiple sub-parts, we will provide the solution only to the…

Q: 20. Consider the model of consumer's choice shown in Figure 6, below. Suppose that the consumer's…

A: An optimal consumption bundle refers to a combination of goods and services that maximizes a…

Q: Question 2 2.1 A consumer has a utility function u(x₁, X₂) √1+2 and faces a budget constraint y =…

A: The purpose is to show the first three sub-parts and remaining sub-part solved please repost the…

Q: vi. vii. viii. Plot WD and PD on a graph, where the vertical axis is given by nominal wages (W), and…

A: The purpose is to analysis, the labor market is often described by the interaction of labor demand…

Q: Which of the following is not true about M1 (The most liquid component of the money supply)? It…

A: The objective of the question is to identify the incorrect statement about M1, which is the most…

Q: Suppose a bank has $2 million in deposits, a required reserve ratio of 20 percent, and reserves of…

A: The commercial bank holds money as the amount of reserve in the bank that is not used for investment…

Q: Suppose that only five commodities are produced in a country. Write the equation system (Walrasian…

A: The objective of the question is to derive the Walrasian equation system, which is used to determine…

Q: A policy that results in slow and steady growth of the money supply is an example of A-an “easy”…

A: The question is asking to identify the type of monetary policy that results in a slow and steady…

Q: ( ad A B E D MC ATC AVC MR

A: The fixed cost refers to cost that does not change with change in the level of output. The fixed…

Q: Hi, is it possible to write something longer an complex about International economic integration on…

A: The objective of this question is to provide a detailed explanation of international economic…

Q: If the price of fuel needed to fly aeroplanes increases and consumers income also increase, what can…

A: A person with high income will always prefer to purchase more of a normal good. These consumers…

Q: Price (dollars per packet) 4.00 4.10 4.20 4.30 4.40 4.50 4.60 4.70 4.80 4.90 5.00 Quantity Quantity…

A: Equilibrium conveys a condition of harmony or steadiness where conflicting forces or influences…

Q: What will happen if two assets are earning the same expected return, but one is riskier than the…

A: The question is asking about the impact of risk on the selection of assets when the expected returns…

Q: In order for a higher-cost alternative to be attractive, the value for the incremental net present…

A: The objective of the question is to determine the condition under which a higher-cost alternative…

Q: Explain what consumer welfare in economics means.

A: Consumer welfare in economics refers to the total satisfaction received by consumers from consuming…

Q: Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care…

A: The American Recovery and Reinvestment Act (ARRA) of 2009 was a law passed by the U.S. Congress in…

Q: The value-added tax (VAT) form of the sales tax is preferred in many developing countries because:…

A: The objective of the question is to understand why the Value-Added Tax (VAT) is preferred in many…

Q: ECN 360Intermediate EconomicsCourse Information:This course focuses on microeconomic principles and…

A: Since you've posted multiple independent questions of different modules with subparts, according to…

Q: One of the characteristics of some developing economies is the relatively low level of trust of…

A: Economics is a subject matter that focuses on the rational management of scarce resources that have…

Q: Home heating accounts for approximately one-third of energy consumption in a typical U.S. household.…

A: 1. Cost of corn-burning stove: $2,4002. Estimated annual savings: $3003. Lifespan of the stove: 11…

Q: Suppose that at first, Edison charges the same price of $8 per admission in both markets so that the…

A: Total revenue is the value of money received after selling a certain quantity of products or…

Q: < MTN 3G 12:01 You 30/12/2023, 00:17 iv. Question 10 a) A firm has been contracted to produce a…

A: The purpose of this question is to Monopolistic market refers to few sellers and large number of…

Q: Consider the following small open economy model with production. At dates 1 and 2, the home country…

A: The objective is to maximize the logarithm of consumption in both periods obeying interim budget…

Q: trader

A: Trader:A dealer is a person or entity that engages in buying and/or selling financial devices,…

Q: If a country does not have an absolute advantage in the production of at least one commodity, then…

A: The statement in question is based on the concept of absolute advantage in international trade.…

Q: Consider a simplified version of endogenous growth model discussed in the class. The growth rate is…

A: The aim is to determine the economic growth rate of two different values.Given dataThe growth rate…

Q: A factory with capacity of 700,000 units per year operates at 62% capacity. The annual income is…

A: Cost can be defined as a concept that shows the amount of expenditure and any other sacrifice such…

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: a) Given Mean Observed Time (MOT) for Each Element:

VIEW

Step 3: b) Show normal Time for Each Element and Total Normal Time

VIEW

Step 4: c) Evaluation of allowance Fraction:

VIEW

Step 5: d) Calculation of labor Standard:

VIEW

Solution

VIEW

Step by step

Solved in 6 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Store Local Shoe Store Different Neighborhood in Town Rural Outlet Travel Time Each Way (Minutes) 15 30 60 Juanita earns an hourly wage of $34 at her job. In order to purchase her boots she will have to take time off work, so each hour away from her job costs her $34 in lost income. Assume that Juanita's travel time is the same each way (to and from the store) and that it will take her 30 minutes once she reaches a store to complete her shopping. Assume throughout the question that Juanita incurs no additional costs other than the boots, such as gas. Store Local Shoe Store Price of a Boots (Dollars per boots) 110 103 82 Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location. Opportunity Cost of Time (Dollars) Price of a Boots (Dollars per boots) 110 Total Cost (Dollars) 103 82 Different Neighborhood in Town Rural Outlet Assume that Juanita considers both her opportunity costs and the price of boots when making…
The pumlative eveage labor hours to assemble the first fiva units of product A was 14.579 hours. If the learning curve, based on the previous experience with similar products, is 76%, what is the estlimated tlime (labor hours hat wil be neguirees its assemtie ife 2 uni? The mumiber of labor hours required to assemble the 24 unit is hours. (Round to one decimal place.)
pols Add-ons Help Last edit was seconds ago xt I UA Calibri 11 + 三 2 | 3 II | I 4 II| II6 4. Thanks to years of consistent contracts and an outstanding administration, Crestwood High School has formed one of the best teaching staffs in the State of Michigan. This staff has learned how to work seamlessly with each other and students. They are now able to effectively teach more students in every class than before. *Name the determinant: Automakers have introduced new heating lamps to their paint shops that allow them to dry layers of paint faster than ever before. These newly invented heaters use less energy and have greatly increased output. 5. *Name the determinant: 27°C Rain II 近
The amount of fish caught per week on a trawler is a function of the crew size assigned to operate the boat. Based on past data, the following production schedule was developed: CREW SIZE (NUMBEROF WORKERS) AMOUNT OF FISH CAUGHT PERWEEK (HUNDREDS OF LBS) 2 3 4 5 6 7 8 9 10 11 12 3 6 11 19 24 28 31 33 34 34 33 a. Over what ranges of workers are there (i) increasing, (ii) constant, (iii) decreasing, and (iv) negative returns?b. How large a crew should be used if the trawler owner is interested in maximizing the total amount of fish caught?c. How large a crew should be used if the trawler owner is interested in maximizing the average amount of fish caught per worker?
The amount of fish caught per week on a trawler is a function of the crew size assigned to operate the boat. Based on past data, the following production schedule was developed: CREW SIZE (NUMBEROF WORKERS) AMOUNT OF FISH CAUGHT PERWEEK (HUNDREDS OF LBS) 2 3 4 5 6 7 8 9 10 11 12 3 6 11 19 24 28 31 33 34 34 33 a. Over what ranges of workers are there (i) increasing, (ii) constant, (iii) decreasing, and (iv) negative returns?b. How large a crew should be used if the trawler owner is interested in maximizing the total amount of fish caught?c. How large a crew should be used if the trawler owner is interested in maximizing the average amount of fish caught per worker? Expert Solution arrow_forward Step 1 The marginal and average product of the worker or labor is useful in calculating the amount of fish that the workers can catch as well as in the real industries also. If the company calculates the average and marginal products, the company can decide on how to…
Diseconomices of scale means O As output increases, long run avearge cost (LRAC) decreases As output increases, long run avearge cost (LRAC) will not change if we duble inputs, output will increase by double. As output increases, long run avearge cost (LRAC) increases
Plz solve 30 minutes... Hand written
Technology B uses 4 workers and 2 tonnes of coal to produce 100 meters of cloth. The worker's wages cost $10 and coal costs $5. We have previously calculated that the total cost of production is $50 and that the vertical intercept of the isocost line is 10.If there was a technology that used 1 more worker, how much would it have to decrease the coal required in order to cost the same? (Note: this is the absolute value of the slope of the isocost line.)
pls solve this question in 20-30 min I'll give you multiple upvotes
i need help with this question 8 from my microeconmics assigments. i have already gotten it wrong twice.
Oregon Fiber Board makes roof liners for the automotiveindustry. The manufacturing manager is concerned aboutproduct quality. She suspects that one particular failure, tears in the fabric, is related to production-run size. An assistantgathers the following data from production records: a. Draw a scatter diagram for these data.b. Does there appear to be a relationship between run sizeand percent failures? What implications does this datahave for Oregon Fiber Board’s business?
The slope of an isoquant is A. ΔLTC / ΔQ B.-ΔK / ΔL. C.ΔTVC / ΔQ D. None of the Above