One new Engineering team is put together for the development of a new product. This new product will be built through an assembly line. The production manager designs the assembly line. He has been advised that the assembly line must be ready in four weeks (20 working days) for a test run. The manager decided to use CPM (critical path method) and has broken down the projects into the following activities, determined their precedence relationships, and estimated normal times: Activity Immediate Predecessors Normal Time (days) Crash Time (days) Crashing Cost ($/ day) a. organize layout team none 5 5 - b. organize modification team none 3 3 - c. design personnel jobs a, b 2 1 500 d. set machinery in place none 3 1 2500 e. connect utilities d 3 2 1000 f. modify conveyor system c, e 4 3 1200 g. train personnel c 6 3 - h. finishing touches f, g 5 3 800 i. run test lot h 2 2 - Based on the information provided above, answer the following questions. 1. What is the project earliest completion time in days

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.

Witch is an example of a non durable good?

1. descriptive statistics quickly describe large amounts of data can predict future stock returns with surprising accuracy statisticians understand non-numeric information, like colors refer mainly to patterns that can be found in data 2. a 15% return on a stock means that 15% of the original purchase price of the stock returns to the seller at the end of the year 15% of the people who purchased the stock will see a return the stock is worth 15% more at the end of the year than at the beginning the stock has lost 15% of its value since it was originally sold 3. a stock purchased on january 1 cost $4.35 per share. the same stock, sold on december 31 of the same year, brought in $4.75 per share. what was the approximate return on this stock? 0.09% 109% 1.09% 9% 4. a stock sells for $6.99 on december 31, providing the seller with a 6% annual return. what was the price of the stock at the beginning of the year? $6.59 $1.16 $7.42 $5.84