Under the learning curve, as the number of repetitions or units of an item produced doubles, the processing time per unit of that item decreases by a constant percentage. This constant percentage is typically in the ______ range.
a. 30% to 50%
b. 10% to 20%
c. 40% to 50%
d. 1% to 10%
b. 10% to 20%
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The depreciation method that does notuse residual value in calculating the first year's depreciation expense is
a. straight-line b. units-of-output c. double-declining-balance d. none of the above
Total cost = ______.
A. fixed cost x production volume + variable cost per unit B. fixed cost + production volume + variable cost per unit C. fixed cost + production volume x variable cost per unit D. fixed cost x production volume x variable cost per unit
The basic needs potential may be dependent on
A. consumption rates. B. climate and topography. C. export availability. D. sample availability.
Variable cost:
A) depends on the number of units produced. B) plus marginal cost equals fixed cost. C) is equal to total cost in deterministic models. D) is the same as average cost.