Solution :
a). Bundles = U ( _____ , 2), lie on the same indifference curve. Suppose missing numbers is x.
So,
(40 x 5) + (2 x 5) = 50x + (2 x 2)
210 - 4 = 5x
So Alexander has apples and
bananas. The indifference curve though
also include bundle.
Therefore, (41.2, 2)
b).
= 0.4
So Alexander has apples and
bananas with this bundle. Alexander would like to give up
unit apples for a banana.
Answer:
a. See attachment below
b. 60 seconds per unit
c. 4 workstations
d. See attachment below
e. Efficiency = 81.25%
Explanation:
b.
Time required = 60 units per hour
Task time = Time required to for production per units
Since 1 hour is required for 60 units and there are 3600 seconds in one hour (60 * 60)
This is calculated by.
3600seconds/60 units
= 60 seconds per unit
c. Theoretical Number of workstations is calculated by:
Total Time Taken/Task Time
=(30 + 50 + 25 + 10 + 25 + 15 + 10 + 30)/60
= 195/60
= 3.25
This is round up to 4 workstations
d. See Attachment Below
e. Efficiency is calculated as:
(Total Time Taken)/ (Theoretical Workstations * Task Time)
= 195/(4 * 60)
= 195/240
= 0.8125
= 81.25%
