Mountain View Resorts purchased equipment at the beginning of 2021 for $46,000. Residual value at the end of an estimated four- year service life is expected to be $6,100.
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Answer:
Whereas the SRAS curve is upward sloping, the LRAS curve is vertical because, given sufficient time, all costs adjust.
Explanation:
Answer:
- No job uses more than one machine simultaneously
.
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No machine processes more than one job simultaneously.
- Only 3 hours will be needed to complete the jobs.
Explanation:
However, Job 2 can be completed at time 3 which is late by 1 hour.
Suppose that the processing times are exponentially distributed.
Let
- The processing rate of job j on machine 1
- The processing rate of job j on machine 2
Expected make span is minimized by processing the jobs in the descending (high to low) order of processing
Make span is the completion time of the last job processed. Although make span is defined as a completion time of a job, it actually measures how long the production facility should remain open.
