The Efficiency of a Factory Is 75% and Its Utilization

question 83

Essay

The efficiency of a factory is 75% and its utilization 50%.If effective capacity is 1000 find design capacity.

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Definitions:

Third-Party Beneficiary

A third-party beneficiary is a person who, although not a party to the contract, stands to benefit from the contract's execution or has rights that can be enforced under the contract.

Quasi-Contract

An obligation imposed by law in order to prevent unjust enrichment, treated as a contract for the purpose of remedy despite the lack of a formal agreement.

Reasonable Value

is a legal concept referring to a fair or equitable monetary value or compensation for services, goods, or property, based on what a willing buyer would pay to a willing seller in a free market.

Enrichment

A benefit or advantage that one party gains, often at the expense of another, without offering compensation in certain legal contexts.