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09 Mar 2024, 10:32
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Dropdown 1: 4
Dropdown 2: 1000
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
55% (03:01) correct
45%
(03:21)
wrong
based on 974
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For a manufacturing company in Thailand, the graph displays data on the cost of purchase from an outside supplier (P) versus the cost of in-house manufacture (M), in hundreds of Thai baht (B), for 13 different industrial parts. For each of the 13 parts, if M < P, the company will manufacture that part in-house. There is a fixed value, k, such that for any of the 13 parts, if k ≥ M ≥ P, the company will purchase the part from an outside supplier; if P ≥ k, the company will manufacture the part in-house, even if M ≥ P. The graph also displays 3 lines, one of which represents the maximum amount the company will pay to purchase a part from an outside supplier.
Use the drop-down menus to create the most accurate statements based on the information provided.
The graph displays data for industrial parts for which the cost of in-house manufacture exceeds the cost of purchase from an outside supplier. For industrial parts for which the cost of in-house manufacture exceeds the cost of purchase from an outside supplier, the maximum cost of purchase is
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Dropdown 1: 4
Dropdown 2: 1000
30 Apr 2024, 06:10
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akshatkg
Do not get overwhelmed with the data. Quickly scan the para for removing jargon.
When you read the question, you should realize that they are straightforward.
There is a vertical axis giving in house costing and a horizontal axis giving cost of purchase. Finally you should know that the line A gives you cost where both in house cost and purchase cost is same.
The graph displays data for __1__ industrial parts for which the cost of in-house manufacture exceeds the cost of purchase from an outside supplier. For industrial parts for which the cost of in-house manufacture exceeds the cost of purchase from an outside supplier, the maximum cost of purchase is __2__ .
1. As we know that the line gives the points where both costs are equal. Anything above this line will give the in house cost more. There are FOUR such points, so answer is 4.
2. We are looking at points that are above the line A. As we are looking for highest cost of prchase amongst these, that is the highset value on horizontal axis, look for the rightmost point and its value on horizontal axis. It is 1000.
General Discussion
18 Mar 2024, 09:24
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This question's wording unnecessarily complicates an otherwise straightforward problem. Sometimes I feel the extra information and complicated jargon are like reserves for future/ unseen questions (enriching problem depth).
