The Table Below Shows Cost Data for Three Different-Sized Plants---1

question 125

Short Answer

The table below shows cost data for three different-sized plants---1, 2, and 3---which are the only three plants possible. $$\begin{array} { c c c c } \hline \text { Output } & \text { Plant 1 } & \text { Plant 2 } & \text { Plant 3 } \\\hline 200 & \$ 14 & \$ 16 & \$ 18 \\400 & 12 & 13 & 14 \\600 & 13 & 10 & 11 \\800 & 14 & 11 & 9 \\1000 & 15 & 14 & 11 \\\hline\end{array}$$ a) In what plant size is MES achieved?
b) What is economic capacity for plant size 2?
c) What is the right-sized plant to produce an output of 400?

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Definitions:

Behavioral Interview

A job interview technique where candidates are asked to describe past behavior as an indicator of their future performance.

Solicited Application Letters

Cover letters and applications sent in response to a job advertisement or invitation, indicating interest in a specific position.

Prospecting Application Letters

Written communications used to inquire about potential job openings or to express interest in working for a company, even when no job has been advertised.

Panel Interview

A job interview where the candidate is questioned by multiple interviewers simultaneously.