Because ____ costs are figured on an hourly basis, they can be controlled only by increasing productivity.

A. scrap
B. material
C. process
D. labor


Answer: D

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Two typical form deviations are waviness and ____________________.

Fill in the blank(s) with the appropriate word(s).

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When installing rigid insulation, a preferred fastening method is_____

a. stapling b. construction adhesive c. nails or screws with large washers d. drywall screws

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A new anti-theft system incorporating MEMS technology is being economically evaluated separately by three engineers at Dragon Technol­ogies. The first cost of the equipment will be $75,000, and the life is estimated at 6 years with a salvage value of $9000. The engineers made different estimates of the net savings that the equipment might generate. Jacob made an esti­mate of $10,000 per year. Susan states that this is too low and estimates $14,000, while Tyler esti­mates $18,000 per year. If the before-tax MARR is 8% per year, use PW to determine if these dif­ferent estimates will change the decision to pur­chase the equipment. Perform the analysis (a) by hand, and (b) using a spreadsheet.

What will be an ideal response?

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Market failure resulting from externalities occurs when there are substantial differences between market values and social values

Indicate whether the statement is true or false

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