In the context of sequencing, the shortest processing time rule
minimizes the average lateness of a set of jobs.
Under the shortest processing time rule, if the highest priority is to minimize the average job lateness then the job sequence should begin with those jobs requiring the shortest processing time. The chief disadvantage of the shortest processing time rule is that long-duration jobs may have excessive completion times.
Answer:
2. of increasing and diminishing returns.
Explanation:
In short run cost there are usually fixed factors of production. That is, it refers to a firm's physical ability to produce.
The U shape is as result of decline in average fixed costs eg Rent, and due to diminishing marginal returns to the variable input such as labor.
Because of the law of diminishing returns, once the marginal product of labor initially rises, and reaches it's peak it then continuously falls as production increases thereby creating a U Shape graph.
Answer:
The discount rate should Honest Abe's use if it considers a project that involves the manufacturing of furniture is 12.46%
Explanation:
In this question, w e use the Capital Asset Pricing model method, which is shown below:
Expected return = Risk-free rate of return + Beta × market risk premium
= 3.5% + 1.12 × 8%
= 3.5% + 8.96%
= 12.46%
In this we use the Integral design beta not the Honest Abe beta
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