On her first engineering job, Joy Hayes was given the responsibility of determining the production rate for a new product. She has assembled data as indicated on the graphs:

(a) Select an appropriate economic criterion and estimate the production rate based upon it.

(b) Joy's boss told Joy: "I want you to maximize output with minimum input." Joy wonders if it is possible to achieve her boss's criterion. She asks your advice. What would you tell her?

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$2000-. $1900 $1800 1700 S1600 S1500 S3400.. S1300 S1200 $1100 $1000 $900 S16 S15 514 $11 "드 800 $700.... 500__... $400 8 $200 100 0 50 100 50 200 250 0 50 100 50 200 250 Output (unitshr) Output (units/u)