Acme, Inc., produces widgets. To manufacture a new type of widget, it took 45 hours for the first widget. Acme estimates it has a 92% learning rate. Using the logarithmic approach, calculate the time it will take to manufacture the 22nd widget.
a. 31.05 hours
b. 28.22 hours
c. 18.96 hours
d. 42.87 hours
a. 31.05 hours
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Which statement is not true?
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Which of the following is not a true statement?
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If the risk-free rate is 6 percent, the return on an average stock is 10 percent, and the beta of a capital budgeting project is 1.50, the project's required rate of return from the project is _____.
A. 12% B. 24% C. 4% D. 19% E. 21%
What is the recommended way of making interest rates a function of time in a Cox, Ross, Rubinstein tree?
A. Make u a function of time B. Make p a function of time C. Make u and p a function of time D. Make the lengths of the time steps unequal