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How long will it take a forklift to load all the output of three 4 hour shifts of a sawmill producing 500 items per hour in bundles of 50 if the forklift can load 10 bundles per hour?
Wiki User
∙ 7y ago
In each hour the sawmill produces 500 ÷ 50 = 10 bundles.
Each hour the forklift can load 10 bundles which is the output of the sawmill in an hour.
Therefore it will take 3 × 4 hours = 12 hours to load all the output.
Wiki User
∙ 7y ago
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Explain the difference between diminishing return of scale and economies of scale Provide examples if necessary diminishing return of scale?
Diminishing return of scale is a short run concept. It explains the relationship between the rate of output with increaring inputs of production. Economies of scale, on the other hand, explains the relationship between the LR average cost of producing a unit of good with increasing level of output. Diminishing return of scale is a short run concept. It explains the relationship between the rate of output with increaring inputs of production. Economies of scale, on the other hand, explains the relationship between the LR average cost of producing a unit of good with increasing level of output.
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