What is the main assumption needed to proceed with a “difference in differences” research project? Why do the time trends matter?

Q: Define the term Actual-Dollar Analysis?

A: Answer - Actual Dollar analysis - These analysis is used where factor of inflation take into account…

Q: In the context of process analysis a. _____ can help eliminate or minimize bottlenecks. b. _____…

A: A bottleneck is a stage in a process that restricts the overall capacity of the process. In a…

Q: At the ABC factory, the standard time of the work was determined by conducting a time study. Can…

A: Real world system can be mathematically treated,by initiating simulation model of the production…

Q: Identify the following variables as either discrete or continuous: (a) The number of times heads…

A: As per the guidelines, we only answer first three sub-parts at a time. Please resubmit the other…

Q: State any five assumptions of the benchmark mode and highlight the weaknesses of those assumptions

A: Benchmarks:- Benchmarks are benchmarks against which you may measure your performance to that of…

Q: 15lshikawa diagrams are brainstorming tools rather than statistical tools True False 16Units of…

A: 15. The statement is - TRUE Explanation An Ishikawa diagram is being used to depict the causal…

Q: Least Squaes Regression  Below is the production cost of Company B. In the future the company…

A: In economics, linear regression is used to predict the value of one variable based on the value of…

Q: Given the data below, use the segmenting model to estimate a manufacturer's total annual cost.…

A: The segmenting model divides the total estimation task into different segments. This makes it…

Q: SCENARIO: ACE Manufacturers is a small firm that makes children’s clothing which it sells to a…

A: Cost refers to the value of a resource or capital that gets exhausted in the process of producing a…

Q: Does the scenario present an example of post-investment holdup? Your company took note of your…

A: Post investment holds up is the issue arises due to the improper writing of contract between the two…

Q: In your own words, describe the life-cycle cost concept. Why is the potential for achieving…

A: Life cycle cost LCC is an analysis that is used in selecting the alternatives which impacts both…

Q: The making of rivet holes in structural steel members can be done by 2 methods. The first method…

A: Here, the time taken (in seconds) for one hole is given, so by using unitary method we can find the…

Q: State the difference between a contingent project and a dependent project.

A: A project or a program can be treated as an undertaking that involves research or design and is…

Q: The cumulative learning curve coefficient CLCC(20, 0.8) is defined as follows:a. the cost to produce…

A: In a process with c(1)= 1 and a learning rate of 0.8, the cumulative learning curve coefficient…

Q: Which measures are known as rate-of-return analysis?

A: A return rate (RoR) is the net gain or loss of an investment over a given period of time, expressed…

Q: Identify the following as primarily public or private sector undertakings: eBay, farmer’s market,…

A: Public sector undertakings are the enterprises that are owned and controlled by the government or…

Q: During its first year of operations, Ontario made the following purchases 845 units at $108 874…

A: Given: Ontario made the purchases as: 45 units at $10874 units at $86171 units at $70 The total…

Q: The total construction cost of a typical chemical processing system made up of three subsystems is…

A: Given, Cov (X2, X3) = 0.0937= E(X2, X3) - E(X2) E(X3) 0.0937 = E(X2 X3) - 0.1*0.1 Therefore , E(X2…

Q: Define the term incremental costs?

A: Incremental costs include the total cost for producing one more unit of the output.It is the extra…

Q: Define the term PW Analysis?

A: The present worth (PW) of present value (PV) is defined as a current value which is related to a…

Q: Though they tend to be cost and time overruns; costless and inexpensive to the tax payers,…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: Company A has fixed expenses of Php 15,000 per year and each unit of product has a Php 0.002…

A: At what number of units of annual production will Company A have the same overall cost as Company B?

Q: Which of the four characteristics of general purpose technologies have the least impact on…

A: In economics, a general purpose technology can be considered bas more beneficial than the technology…

Q: Define the term weighted-average cost of capital?

A: The weighted average cost of capital shows the calculation of a firm's cost of capital, where each…

Q: From the graph provided one can surmise that the number of time spent on cost estimation, the less…

A: GIVEN   From the graph provided one can surmise that the number of time spent on coast estimation,…

Q: Identify each of the following cash items whether it is fixed cost, variable cost, sunk cost, or…

A: Fixed costs incur to the firm irrespective of the number of output/quantity produced. It is also…

Q: Explain how unethical business practices degrade the quality of the experience a customer has with a…

A: The unethical business practices by the Corporates is a concept when the managers follow various…

Q: Describe the idea of cost of a life-cycle in your own terms. Why is the life-cycle cost savings…

A: In a market, when a product is produced, there are different types of cost incurred in converting…

Q: An understanding of the underlying behavior of costs helps in all of the following EXCEPT:…

A: Any firm has to incur costs when undertaking the production of a commodity or a service. The costs…

Q: Discuss in detail Why would the minimum acceptable rate of return vary from project to project

A: MARR {minimum acceptable rate of return} is defined as the profit of an investor from an investment…

Q: Define the term two-phase method?

A: In Two-Phase Method, the entire system of taking care of a straight programming issue (LPP)…

Q: Identify which of the following costs are fixed and which are variable:(a) Wages paid to temporary…

A: The fixed costs are the costs that remain the same as the output changes. Thus, it includes, cost of…

Q: THIS IS NOT A GRADED ASSESSMENT, READ AGAIN THE QUESTIONS. Please answer all questions. Thanks

A: Units of X MUx Units of Y MUy 1 10 1 8 2 8 2 7 3 6 3 6 4 4 4 5 5 3 5 4 6 2 6 3

Q: Benjamin used regression analysis to fit quadratic relations to monthly revenue, R, and total cost,…

A: Profit can be calculated by subtracting total cost from total revenue where total revenue is the…

Q: Describe the process of Capital-Expenditure Decisions made by an economic engineer?

A: Capital-Expenditure Decisions are the decisions that are made regarding long term planned…

Q: The cumulative average labor hours to assemble the first five units of product A was 15.554 hours.…

A: Learning curve= 85% Then,  b=log(0.85)log 2b=0.23447 The cumulative average labor hour to assemble…

Q: Universal Power Machinery (MUP) designs and manufactures specialized equipment for a wide range of…

A: Business: Business is the act of making one's living or bringing in cash by delivering or purchasing…

Q: Luke used regression analysis to fit quadratic relations to monthly revenue, TR, and total cost, TC,…

A: Given  Total revenue function: TR=-0.008Q2+32Q            .... (1) Total cost function:…

Q: A seasonal bus tour firm has 5 buses with a capacity of 60 people each. Each customer pays $25 for a…

A: Fixed costs =$360000; Variable costs =$5 per customer. Optimal Capactiy = 60*5 = 300 per day Average…

Q: All of the following questions may benefit from engineering economics, except for A Determining how…

A: Questions which benefit from engineering economics are as follows: 1) Determining which projects are…

Q: The economic order quantity of Inc. is 1,000 unit.  They sold their sole product for a selling price…

A: Economic order quantity is the optimum order to be made to reduce the holding and carrying cost of…

Q: Which of the following is NOT a feature of capacity planning? OIt is required in the long-term and…

A: Capacity planning: Capacity planning will decide what will be the overall result and how much output…

Q: True/False Total cost can never be zero

A: # Total cost is given by the sum of total fixed cost and the total variable costs.  TC = TFC + TVC

Q: What was wrong with Gianini's original analysis?

A: Analysis: It refers to any explanation or any explanation which is complex in nature so that it can…