Three processes (A, B and C) are being considered. Each has a specific fixed costand production cost per unit (variable cost) as shown in the following table:Process AProcess BProcess CFixed Cost€5000€100€1000Cost/Unit€3€15€8a) Using Microsoft Excel as a graphing tool, analyse the indifference points forprocess A, B and Cb) Confirm your answer by using simple mathematics to calculate the indifferencepoints.c) Explain in your own words, the significance of the indifference points.

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Answered: wer by using simple mathematics to…

Engineering

Civil Engineering

wer by using simple mathematics to calculate the indifference

Structural Analysis

6th Edition

ISBN:9781337630931

Author:KASSIMALI, Aslam.

Publisher:KASSIMALI, Aslam.

Chapter2: Loads On Structures

Section: Chapter Questions

Problem 1P

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Question

Three processes (A, B and C) are being considered. Each has a specific fixed cost
and production cost per unit (variable cost) as shown in the following table:
Process A
Process B
Process C
Fixed Cost
€5000
€100
€1000
Cost/Unit
€3
€15
€8
a) Using Microsoft Excel as a graphing tool, analyse the indifference points for
process A, B and C
b) Confirm your answer by using simple mathematics to calculate the indifference
points.
c) Explain in your own words, the significance of the indifference points.

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