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As production manager, you have received a request to manufacture an order for 100 units within 3 days. In order to manufacture this product, processing must take place in four machines. Through a quick check of processing times in the four machines, you realize that it will take just over 4 days to first manufacture 100 units in the first machine, send entire orders to the next machine for processing of the 100 units and then send on to machine 3, etc. . However, you will notice that all the machines have a low utilization rate in the next few days. Describe how you should, in a systematic way, proceed to hopefully have time to deliver the order before the deadline.
 
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The state of New York receives $3 billion (from federal sources and a state

petroleum tax) to be spent on highways and/or mass transit (subways, buses, and urban rail lines), both of which could be used to meet the transportation needs of the state’s population.

a. If each mile of mass transit costs $20 million, what is the maximum number of miles of mass transit that these funds would have enabled the state to construct?

b. If each mile of highway costs $10 million, what is the maximum number

of miles of highways that these funds would have enabled the state to

construct? c. If the number of miles of mass transit constructed is put on the vertical

axis of a graph and the number of miles of highways constucted is put

on the horizontal axis, can a budget line (showing the maximum number

of miles of mass transit that can be constructed, given each number of

miles of highways constructed) be drawn for the state? If so, what is the

slope of this budget line? (Assume that the $3 billion is the only source of

funds for mass transit or highway construction.) d. If the public and the state government agree that every extra mile of mass transit adds three times as much to the state’s transportation capability as

an extra mile of highways, how much of the $3 billion should be spent on

mass transit if the objective is to maximize transportation capability?

 

 
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The Klein Corporation’s marketing department, using regression analysis,

estimates the firm’s demand function, the result being

Q = -104 – 2.1P + 3.2I + 1.5A + 1.6Z

R2 = 0.89

Standard error of estimate = 108 where Q is the quantity demanded of the firm’s product (in tons), P is the price of the firm’s product (in dollars per ton), I is per capita income (in dollars), A is

the firm’s advertising expenditure (in thousands of dollars), and Z is the price (in

dollars) of a competing product. The regression is based on 200 observations.

a. According to the statistical software, the probability is 0.005 that the t statistic

for the regression coefficient of A would be as large (in absolute terms)

as it is in this case if in fact A has no effect on Q. Interpret this result.

b. If I = 5,000, A = 20, and Z = 1,000, what is the Klein Corporation’s

demand curve? c. If P = 500 (and the conditions in part b hold), estimate the quantity

demanded of the Klein Corporation’s product.

d. How well does this regression equation fi t the data?

 

 
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Write an essay ( 4 paragraphs) on one of the following six topics: 1. Bitcoins : The Currency of the Future or Bitcoins: No Future 2. AI: A Threat to Humanity or Al: Harmless to Humanity 3. COVID 19: Irreversible Damage to Businesses or COVID 19: Businesses will Bounce Please ensure the essay has the following: . Introductory paragraph with a thesis statement with 2 controlling ideas • 2 Body paragraphs and • A Concluding paragraph • Use APA 7th ed Formatting and Style ( Cover page, font. indenting, double spacing, margins etc • Write no less than 250 words( excluding Cover Page) • Plagiarism rules apply • The essay does not require any research Submit your essay on Turnitin in 1.5 hours
 
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