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SCORPION-xisa [38]
2 years ago
12

Woodman Products, Inc., has found that new products follow a learning curve. The first two units have been completed with the fo

llowing results: Units Produced Marginal Labor Time 1 112.50 2 90.00 Required: (a.) How much time will be needed to complete the 4th unit(b) How much time will be needed to complete the 8th unit(c) How much time will be needed to complete the 16th unit
Business
1 answer:
ahrayia [7]2 years ago
5 0

Answer:

(a) 72

(b) 57.6

(c) 46.08

Explanation:

Given that,

Units produced = 1

Marginal Labor Time = 112.50

Units produced = 2

Marginal Labor Time = 90.00

First, we need to calculate the learning rate.

Learning Rate:

= (Marginal labor time for producing 2 units ÷ Marginal labor time for producing 1 units) × 100

= (90 ÷ 112.50) × 100

= 80%

At production level of 1 unit:

Marginal Labor time = 112.5

At production level of 2 units:

Marginal Labor time:

= Marginal Labor time at 1 unit × Learning rate

= 112.5 × 80%

= 90

(a) At production level of 4 units:

Marginal Labor time:

= Marginal Labor time at 2 units × Learning rate

= 90 × 80%

= 72

(b) At production level of 8 units:

Marginal Labor time:

= Marginal Labor time at 4 units × Learning rate

= 72 × 80%

= 57.6

(c) At production level of 16 units:

Marginal Labor time:

= Marginal Labor time at 8 units × Learning rate

= 57.6 × 80%

= 46.08

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Item 15Item 15 Gee-Gee's is going to pay an annual dividend of $2.05 a share next year. This year, the company paid a dividend o
meriva

Answer:

$27.33

Explanation:

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3 years ago
Even though it is not actively involved in global marketing, Hennessey Enterprises, a U.S.-based business, agreed to sell two th
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Answer:

This would be an example of contract manufacturing.

True

Explanation:

Contract manufacturing can be defined as an international agreement between two companies in different countries to manufacture a product for the other company. It involves the arrangement by one company to receive manufactured products from another company. Contract manufacturing can also be known as international outsourcing or international subcontracting. In the contract, the company that needs the products usually stipulates the specifications of the product. In some cases, depending on the contract requirements, the company can provide the raw materials to be utilized in manufacturing.

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XYZ Development has just purchased a large tract of land that it plans to develop into 50 one-acre building lots. To have the ab
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To have the ability to sell off individual lots before paying off the entire balance due, the developer will need to obtain a blanket mortgage.

<h3>What is a blanket mortgage?</h3>
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  • Real estate developers and larger investors frequently purchase multiple properties at once, thus a blanket mortgage allows them to consolidate such deals into a single loan.
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