Lanman, Inc., estimates its hidden external failure costs using the Taguchi loss function. Lanman produces plastic sheets that vary in thickness and grade. For one of its large-volume products, it was determined that k = $32,000 and T = 0.28 inches in diameter. A sample of four units produced the following values: Unit Actual Diameter No. (y) 1 0.28 2 0.30 3 0.25 4 0.28 Required: 1. Calculate the average loss per unit. Round your intermediate calculations to six decimal places. If required, round your answer to the nearest cent and use the same in subsequent requirements. $ per unit 2. Assuming that 100,000 units were produced, what is the total hidden cost? $ 3. Assume that the multiplier for Lanman's hidden external failure costs is six. What are the measured external costs?

In macroeconomics, a multiplier is a thing of proportionality that measures how a lot an endogenous variable adjustments in reaction to a exchange in a few exogenous variable. for instance, assume variable x changes by way of ok gadgets, which causes any other variable y to change by using M × okay units. Then the multiplier is M. multipliers are commonly discussed in introductory macroeconomics.

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