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Rex Carr Could Pay $10 for a Shovel That Lasts

question 7

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Rex Carr could pay $10 for a shovel that lasts one year and pay $5 a car to his brother Scoop to bury the cars, or he could buy a low-quality car smasher that costs $200 a year to own and that smashes cars at a marginal cost of $1 per car.If it is also possible for Rex to buy a high-quality hydraulic car smasher that cost $450 per year to own and if with this smasher he could dispose of cars at a cost of $.80 per car, it would be worthwhile for him to buy this high-quality smasher if he planned to dispose of


Definitions:

Product Design

Product design entails the process of creating and developing new products by integrating art, technology, and business strategies to meet user needs and preferences.

Functional Design

The aspect of design focused on creating products that fulfill a specific function or purpose efficiently.

Materials Design

Involves the creation and manipulation of materials to achieve desired properties and functionalities for specific applications.

Product Line Visibility

Refers to the degree to which a company's range of products is recognized and understood by customers.

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