Power cost is P2 per kWh. If money is worth 20%, how many hours per year would the motors have to be operated at full load for them to be equally economical? If the expected number of hours of operation per year exceeds the break-even point, which motor is more economical?

Power cost is P2 per kWh. If money is worth 20%, how many hours per year would the motors have to be operated at full load for them to be equally economical? If the expected number of hours of operation per year exceeds the break-even point, which motor is more economical?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: If this consumer has $13.00 to spend on cans of beer and slices of pizza in any given week, then wha...

A: Answer: A consumer maximizes his/her utility where the following conditions are satisfied: MUBeerPBe...

Q: dentify any 5 factors that will shift a supply curve to the right. Explain each factor. B IU A E v E...

A: Answer to the question is as follows:

Q: A flood control pumping station is being designed. Three possible pumping scheme are proposed and th...

A: Given that; First, using the annuity factor (or capital recovery factor), convert the cost of insta...

Q: The president of a growing firm wishes to give each of 13 employees a holiday bonus. How much is nee...

A: We use the following formula, F = C [ { (1+i)n - 1 } / i ] (1+i)

Q: Apply your understanding of the previous key terms by completing the following scenario with the app...

A: We know there is defferent between in two damand and quantity demanded . . Demand is the quantity...

Q: Decide if it is an increase (right shift) or a decrease (left shift) and write that next to the ques...

A: The supply curve shows the association between the price of commodity and quantity of the commodity ...

Q: Harry planned to buy a mountain bike. In order to do that, he saved RM100 in his piggy bank at end o...

A: Here the saved amount is done in each month and is growing with specific percentage of initial amoun...

Q: Decide if it is an increase (right shift) or a decrease (left shift) and write that next to the ques...

A: Ss(supply) curve is an upward sloping line which shows the direct relation between p(price) and Qs(q...

Q: The availability of Big Data in real time reflects its O A. variety B. none of these C. volume D. ve...

A: Gathering information from relevant sources requires efforts because researchers generally gets raw ...

Q: Suppose Guyana Power and Light (GPL) faces the market demand and cost function below, calculate the ...

Q: ovens in which his workers bake the pizzas. Felix signed a lease obligating him to pay the rent for ...

A: Since number of workers can be changed, workers are variable inputs. Number of ovens is fixed. So ov...

Q: 340 425 6 540 On the following graph, plot Douglas Fur's average total cost (ATC) curve using the gr...

A: ** SOLUTION :- Based on the given information the answer is provided as below.

Q: A company has a linear total cost function and has determined that over the next three months it can...

A: Linear Cost function refers to the cost function with degree 1. For eg: (aQ + c) is a linear cost fu...

Q: Country X is a major oil exporter. It has a floating exchange rate system and has managed to maintai...

A: Given that: Floating exchange rate system fall in oil prices- from $100 a barrel to $29 a barrel

Q: Which of the following is not a valid expenditure function? OŪ P.P, O UP. O None of these can be exp...

A: As we know that the expenditure function is strictly increasing in price p. If e(p,u) is an expendi...

Q: What do you understand by the concepts of intra temporal choice models in Managerial Economics? Thi...

A: Managerial economics is a discipline of economics concerned with the use of economic methods in the ...

Q: Honey loaned P10000 at 12 % interest in a bank, she paid P 2000 per annum for the last 4 years. How ...

A: Given:- Honey loaned=P10000 Interest rate=12% She paid=P2000 per annum for last 4 years To calculate...

Q: What condition should be met in order for the consumer to maximize satisfaction in the consumption o...

A: Consumer Utility Maximisation - Utility maximisation is an important concept in microeconomics. It s...

Q: The graph below shows the budget constraint between income and leisure for an individual. The indivi...

A: A budget constraint is defined as the combination of all the goods and services that a consumer can ...

Q: Suppose that $5,000 is placed in a bank account at the end of each quarter over the next 9 years. W...

A: GIVEN P = $5000 No. of periods (n)= 9*4 = 36 compounded = 14%

Q: ATC4 LRATO ATC ATC OUTPUT COST PER UNIT

A: Average total cost is the total cost incurred for a single unit of output out of the total output. A...

Q: In the Cost Minimization Problem, the isoquant curve for an output level equal to the output quota? ...

A: Isoquant shows the combinations of labor and capital they are used to produce certain level of outpu...

Q: Given a series of cash flows in the table below, determine the value of "y". i=6% Year 5 10 20 Cash ...

A: Given: i=6% To find: Value of Y

Q: In what kind of industries does a localization strategy make sense? Why? When does a global standard...

A: localization strategy is possible in markets there are difference in preferences and tastes and ther...

Q: In the mean-standard deviation graph, the line that connects the risk-free rate and the market portf...

A: I have solved the questions below using CAPM

Q: In 1939, the CPI was 13.9 and the price of potatoes was $0.19. 1)Convert into current year dollars u...

A: Consumer price index measures The the cost of market basket of goods and services purchased by a con...

Q: . A manufacturing company purchased electrical services for the next 5 years to be paid for with $70...

Q: How much do eight ₱ 69,058 quarterly payments amount at present, if the interest rate is 3 compounde...

A: Eight equal payment of 69058 quarterly for 8quarters. This is case of annuity where constant amount ...

Q: If the Fed raises the federal funds rate so that the exchange rate rises, then imports ________ and ...

A: The value of a currency relative to the currency of associate other country or economic zone is thou...

Q: Acandy shop puts together two prepackaged assotments to be given to trick-or-treaters on Hailoween. ...

A: The equation for an iso-earning line can be given by, e=50x+40y => y=e-1.25X From the feasible ...

Q: Explain price discrimination. What are the conditions to make price discrimination

A: Price discrimination is a selling strategy that charges customers different prices for the same prod...

Q: In the short run, ________ in the federal funds rate ________ the price level, and ________ real GDP...

A: Federal Funds rate is the potential instrument of monetary policy for the central bank,Fed.

Q: Using the table in question 1, what was real GDP in year 2, in year 1 prices? (Hint: assume prices o...

A: To find GDP in year 2, using year 1 prices, we use quantities of year 2 and prices of year 1.

Q: Which of the following is a typical example of a variable cost of production in a business firm? A....

A: Variable Cost is that cost which keeps on changing with the change in the level of output.

Q: A(n). is a way that individual firms are interconnected O microeconomy O industry O market structure...

A: In economics, firm refers to any company which seeks make profit by producing or selling various goo...

Q: ABC Corporation is the sole_provider of a particular service inthe country. The government has-opene...

A: Monopoly can be defined as a market structure in which there operates a single producer selling the ...

Q: How much do ten ₱ 5,811 quarterly payments amount at present, if the interest rate is 2 compounded q...

A: Given the quarterly payment = 5811 Interest rate = 2%/4 = 0.5% Number of compounding period = 10

Q: Let a1 and a2 denote the quantities consumed. The consumer's preferences are represented by the util...

A: We have Utility function U(x1,x2)=x1+x2 ... (1) Consumer income m=100 Price of good 1: p1...

Q: Consider the ɔl owing information for a closed economy Consumption 400 +0.6(Y-T) Taxes 500 Investmen...

A: Here we calculate the tax multiplier by using the given information and choose the correct option , ...

Q: Why the hospitality industry is important to the society? What are the advantages of working in hosp...

A: Hospitality industry includes hotel , transportation or tourism services etc. It is services based ...

Q: Option strike prices are set by the exchange a. True b. False

A: An international exchange rate, also said as a foreign exchange rate. It is the price of a currency ...

Q: Using the city model from lecture, say that a city has N=1,000,000 workers, a natural advantage of f...

Q: Draw the indifference curves when X is fake news or hoax, Y is journalist’s work winning the Pulitze...

A: Optimal choice - It is the best combination of goods which will lead to the best satisfaction of the...

Q: In a private closed economy where MPC = 0.90, if consumers reduce their spending by $5 billion and f...

A: Given the MPC = 0.90 Reduction in consumption = $5 billion Decrease in investment = $4 billion

Q: struct a pipeline from a major lake some distance away. Construction would start at the beginning of...

Q: 14. A supply and demand puzzle The following graph shows the market for cars in 2008. Between 2008 a...

A: The relationship between the amount of a goods that producers need to sell at varied costs and there...

Q: lease manually solve each and show equations used Thank You A certain manufacturing plant is being ...

A: Engineering economics, formerly known as engineering economy, is a branch of economics concerned wit...

Q: draw a general demand curve and label it D. Then shift the curve to the left or the right depending ...

A: In the beef market, a change in any demand determinants, except own price, will lead to shift the de...

Q: Question 6 If the futures price is at $6.25/bushel, what is the total value of one soybean contract?...

A: Gviven:Future Price=$6.25/bushelSoybeans contract size=5,000 bushels

Q: Which one is correct? A/B/C/ Last year, North End Coffee Roasters Bangladesh opened a number of bran...

A: Investment is the process of capital formation during an year . And it is part of GDP components . W...

Question

100%

Data for two 50-hp motors are as follows:
Alpha motor
Beta motor
Original cost
P37 500
P48 000
Annual maintenance
1500
750
Life, years
Efficiency
10
10
87%
92 %
Taxes and insurance
3%
3%
Power cost is P2 per kWh. If money is worth 20%,
how many hours per year would the motors have
to be operated at full load for them to be equally
economical? If the expected number of hours of
operation per year exceeds the break-even point,
which motor is more economical?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Costs and revenues (in thousands) 99 15 30 45 60 75 901052013550165 80195 Quantity per period (in thousands) Tools 1 O A
G IVEN: F IXEO COST - f 14,000 , 000.00 VARIABLE COST - P 8750.00/ UNT SE LLING PRICE = 15,000.'00/ UN 4) WHAT IS IFIE PRESENT BREAK-EVEN NUMBER OF UMTS ? B) N HIAT stHOULD BE THE NEW SELLINC PRICE IN ORDER 1HAT 11IE NEW BREAK EVEN NUMBER OF UNITS SHALL JUST BE 90% OF THE PRESENT BREAK EVEN NUMBER OFnite
3 Your company plans to raise price on product A by 5% per year. Due to competition, sales volume from product A is expected to decline at 10% per year. Revenue will be $5M for this year. Alternatively, based on the projection from the marketing department, you may reduce the sales volume decline from 10% to 5% if the price is kept unchanged. The product will be discontinued at the end of year 5 for both scenarios. If the firm's TVOM is 10%, Determine the revenue cash flow streams for both alternatives. What is the Excel financial function to compute PW of the revenue streams
AN EXECUTIVE RECEIVES AN ANNUAL SALARY OF P600,000 AND HIS SECRETARY A SALARY OD 180,000.A CERTAIN TASK CAN BE PERFORMED BY THE EXECUTIVE WORKING ALONE IN FOUR HOURS. IF HE DLEGATES THE TASK TO HIS SECRETARY WILL REQUIRE HIM 30 MINS TO EXPLAIN THE WORK AND ANOTHER 45MINS TO CHECK THE WORK. DUE TO THE UNFAMILIARITY OF THE SECRETARY TO DO TASK, IT TAKES HER AN ADDITIONAL TIME OF 6HOURS AFTER BEING INSTRUCTED. CONSIDERING SALARY COST ONLY, DETERMINE THE COST OF PERFORMING THE TASK BY EACH METHOD, IF THE SECRETARY WORKS 2400HOURS A YEAR AND THE EXECUTIVE 3000 HOURS A YEAR. COST OF PERFORMING THE TASK: SECRETARY WORKING WITH EXECUTIVE
3 Guen Producing bole s Calautante the 024 Cost function or afirm "Zhat fC 40142 IS The Predugi) Lotals cCet 0t wits 72 units Determne he 7
A mass diagram from sta. 0+00 to sta. 50+00 is plotted as below. The free-haul distance is 1000' The earth excavation cost is $0.12 per yd and the overhaul cost is $0.02 per yd per station. Calculate the Economical Haul Distance. (Round to the nearest foot and fill in the blank with a number only.) 1000 500 -500 -1000 0+00 10+00 20+00 30+00 40+00 50+00 26+00 2+00 4+00 14+00 17+00 33+00 38+00 41+00 Stations 8+00 28+00 Cubic Yard
The owner shop is contemlating adding anew product which will require additional mouthly payment of 6000, variable costs would be brirr. 2 per new product & its selling price is brirr. 7 each How many units must be sold to realize profite of brirr 4000?
(dollas мс . F 40 E ATC 30 AVC 22 в 20 ED0 350 Output (unit) 425 450 0 rri
Download Q4 and generate a model of the annual maintenance expenses based on the age of the bug. If my bus is 5.6 years old, what are the projected annual maintenance costs? (Enter a whole number) Age of Bus (years) 2.4 2.3 2.4 3.1 3 5.8 4.8 3.8 3.6 4.9 5.5 Annual Maintenance Cost ($) 350 370 480 520 590 550 750 800 790 950 915
A university is trying to determine how much it should charge for tickets to basketball games to help offset the expenses of the new arena. The cost to build the arena including labor, materials. e tc. was $92 million. Each year the maintenance cost is expected to increase by 5% as the building gets older. 1l1e maintenance cost for the first year is $150.000. Utilities arc expected to average about $200.000 per year and labor costs $300,000. The average attendance at basketball games over the year is expected to be J00.000 people (or 100.000 tickets sold to events). Assuming the arena has no other source of income besides regular ticket sales (not including student tickets) for basketball games, what should the university charge so that it can recover at least a 6% cost of borrowing on its investment? ll1c university expects the arena to be used for 40 years and 10 have no appreciable salvage value.
A high voltage gloves manufacturer produces a pair of gloves at labor cost of 15 and a material cost of 40 a pair. The fixed charges on the business are 90,000P a month and the variable cost are 15 a pair. If the gloves sell for 160 a pair, how many pairs must be produced per month by the manufacturer to break-even?
Economics Joey is opening a coffee shop and he needs to decide how many baristas he should staff. He did some analysis of other coffee shops and he determined that this is an M/M/s system. He expects customers to arrive at the rate of 6 per minute and the service rate will be 3 customers per minute per barista. He estimates the cost of waiting Cwto bee60 and the cost of service Cs will bee14 per hour per barista. (a) What is the minimum number of servers this system must have? (b) What number of servers will minimise the total cost.