Question: Question 2: (Power law and sizing function) A company that produces high efficiency Fraction Horsepower DC motors. Started four years ago by producing both

Question 2: (Power law and sizing function) A company that produces high

Question 2: (Power law and sizing function) A company that produces high efficiency Fraction Horsepower DC motors. Started four years ago by producing both of 0.20, and 0.35 HP motors at the cost of $15 and $20 for each respectively. At that time the relevant Cost Index was 115. The company is currently considering the production of a 0.5 Horsepower motor of a similar design, the current cost index is 150. 1. Estimate the cost of the 0.5 Horsepower motor using the power law and sizing function. (Hint: Determine the value of index m first) 2. Estimate the cost if the company adds a speed Reducer Head to the motor at the current cost of 6:00 dollars

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