The first unit produced in a process takes 400 hours. As the number of units produced doubles, production time decreases by 20%. Using the arithmetic approach, calculate the production time for the 64th unit.
a. 320 hours
b. 256 hours
c. 105 hours
d. 164 hours
c. 105 hours
You might also like to view...
The Federal Deposit Insurance Corporation was created under the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
Indicate whether the statement is true or false
Extended decision making is the type of consumer decision-making process that
A. involves no conscious planning but rather a powerful and persistent urge to buy something. B. is the most complex decision-making behavior, which comes into play when a purchase involves unfamiliar, expensive, or infrequently bought products. C. requires a moderate amount of time for information gathering and search. D. is the creation and maintenance of a collection of products that satisfy a person's needs and wants. E. requires very little search-and-decision effort and is practiced when buying low-cost and frequently purchased products.
A firm will set a low payout ratio and finance by retaining earnings rather than through the sale of new common stock when the:
A. flotation costs are high. B. management wants to dilute the ownership. C. firm has no constraints in distributing dividends. D. firm has excess cash to distribute. E. firm has less investment opportunities to use its earnings.
Which of the following retailers were the first to adopt the mass-merchandising concept?
A. discount houses B. supercenters C. general stores D. supermarkets E. department stores