At the highest price, you would expect the demand for goods and services to be the _____. least most
1 answer:
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Answer:
cumulative learning factor for 85% and 400 units = 127.6
cumulative learning factor for 90% and 400 units = 189.3
total labor costs for producing the next 350 units = labor cost for producing 400 units - labor cost for producing 50 units
85% learning curve:
total labor costs for producing 400 units = $1,000 x 127.6 = $127,600
total labor costs for producing 50 units = $1,000 x 50 = $50,000
total labor costs for producing the next 350 units = $127,600 - $50,000 = $77,600
labor cost per unit = $77,600 / 350 = $221.71
90% learning curve:
total labor costs for producing 400 units = $1,000 x 189.3 = $189,300
total labor costs for producing 50 units = $1,000 x 50 = $50,000
total labor costs for producing the next 350 units = $189,300 - $50,000 = $139,300
labor cost per unit = $139,300 / 350 = $398
$4000 was invested at 3% interest.
<u>Solution:</u>
Assume that x and y represent the amount at 3.5% and 3% respectively. So, according to the given statements we get two equations,
On multiplying equation (1) by 30 and equation (2) by 10 we get,
On solving both the equations we get,
On substituting (3) in (1) we get,
Therefore, $4000 was invested at 3% interest and $1000 was invested at 3.5% interest.