Assume that it takes 100 hours to produce the first unit of a product, and the learning rate for this production process is 80%. Using the arithmetic approach, determine the labor hours required to produce the 4th unit.

a. 100 hours
b. 80 hours
c. 64 hours
d. 52 hours


c. 64 hours

Business

You might also like to view...

A significant aspect to direct marketing is the development and maintenance of a customer data base

Indicate whether the statement is true or false

Business

The Occupational Safety and Health Administration (OSHA) may cite employers under all of the following violations EXCEPT

A. willful violations. B. serious violations. C. other-than-serious violations. D. minor violations.

Business

Constructive abandonment of a trademark can occur through the trademark lapsing into genericism

a. True b. False Indicate whether the statement is true or false

Business

Suppose you put $100 into a savings account today, the account pays a nominal annual interest rate of 6 percent, but compounded semiannually, and you withdraw $100 after 6 months

What would your ending balance be 20 years after the initial $100 deposit was made? A) $226.20 B) $115.35 C) $62.91 D) $9.50 E) $3.00

Business