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11111nata11111 [884]
3 years ago
12

each time mayberry nursery hires a new employee, it must wait for some period of time before the employee can meet production st

andard. Management is unsure of the learning curve in its operations but it knows the first job by a new employees averages 40 hours and the second job averages 32 hours. assume all jobs to be equal in size. what is the learning curve percentage, assuming the incremental unit time learning model
Business
1 answer:
spayn [35]3 years ago
5 0

Answer:

Learning percentage = 1.6%

Explanation:

Given - Each time may berry nursery hires a new employee, it must wait for some period of time before the employee can meet production standard. Management is unsure of the learning curve in its operations but it knows the first job by a new employees averages 40 hours and the second job averages 32 hours. assume all jobs to be equal in size.

To find - What is the learning curve percentage, assuming the incremental unit time learning model.

Proof -

First job = 40 hours

Second job = 32 hours

Now,

Job           Job hours               Cumm. of hours               Incremental av. hours

1                    40                              40                                        40

2                    32                             72                                         64

Learning percentage = \frac{64}{40} = 1.6%

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Suppose the economy's production function is ???? = ????K 0.3???? 0.7 . If K = 2000, N = 100, and A = 1, then Y = 246. If K and
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