Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company has a factory that gned so that it is most efficient ( average unit cost is minimized ) when producing 1 3 7

A company has a factory that gned so that it is most efficient (average unit cost is minimized) when producing 13709 units of output each month. However, it has an absolute maximum output capability of 17,250 units per month and can produce as little as 7000 units per month without corporate headquarters shifting production to another plant. If the factory produces 9824 units in October, what is the capacity utilization rate in October for this factory? Show your answer to 1 decimal place and include the correct unit.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Management

Authors: John Thompson, Frank Martin

5th Edition

1844800830, 9781844800834

More Books

Students also viewed these General Management questions