1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Goryan [66]
3 years ago
12

The first unit of a product took 400 hours to complete. The firm plans to produce 8 units in the first month and 10 units in the

second month. If an 80% learning curve is expected, how many hours will the firm use to work on the product during the second month
Business
1 answer:
Aliun [14]3 years ago
7 0

Answer:

1,200 hours

Explanation:

Solving mathematically this will be :

<em>y = ax^b</em>

where,

y is the cumulative average time required to produce x units

a is the time required to produce the first unit of output

x is the number of units of output under consideration

b is the log of the Learning Curve % divided by Log 2

The firm use 150 hours to work on the product during the second month

Amount of time used in the first month will be calculated as :

y = 400(8)^(-0.322)

  = 204.8 hours (average)

Total for 8 units = 204.8 hours × 8 units

                           = 1,638.40 hours

Amount of time used for the total months to manufacture 18 units :

y = 400(18)^(-0.322)

  = 157.74 hours (average)

Total for 18 units = 157.74 hours × 18 units

                            = 2,839.32 hours

Therefore,

Hours to be used in the second month = Time on 18 units - Time on 8 units

                                                                 = 2,839.32 hours - 1,638.40 hours

                                                                 = 1,200 hours

So, the firm use 1,200 hours in total for the 10 units. Which gives an average of 120 hours per unit

You might be interested in
business ethics chapter 4 friedman's view of the corporate world supports the rights of individuals to make money with their inv
alukav5142 [94]

Answer:

True

Explanation:

Because in Friedman's view making profit is the only social responsibility of the company. He said this because in his view the company has to earn profit for investments and if the company makes investments, it would create jobs and increased exports. So this means this is the best social responsibility in context of a economist, the company can pursue.

3 0
3 years ago
Are starting points for Internet exploring and are interested in channeling surfers to particular sites, especially commercial o
Firdavs [7]

Answer:

<u>Portals.</u>

Explanation:

A portal is defined as an internet site whose purpose is to cluster and make available diverse content from various sources, and acts as an access point for various websites.

In order to function effectively a portal must be designed to withstand the large amount of user access, so that it works properly without slow system and damage to users. As a portal is a channel especially for commercial websites, it is imperative that the team of contributors who feed the portal have access to the large amount of structured and unstructured information, so that there is better organization and search accuracy and prevention of misfortune, such as failures on commercial sites such as a paid purchase that is not registered and ends up lost or a customer unable to access the site information screen.

8 0
3 years ago
Craig has a lot of reasons for wanting to start his own business. What is the main reason why he believes he’s ready to turn his
Tomtit [17]

Answer:

B

Explanation:

3 0
3 years ago
An increase in the real interest rate results in which of the​ following? A. an increase in the demand for loanable funds B. a d
irakobra [83]

Answer:

B. a decrease in the demand for loanable funds.

Explanation:

An increase in the real interest rate will result in a decrease for the loanable funds.

Loans act as a fund that is an amount of money borrowed by the companies to be utilized for the running of the business. Interest is the amount payable at a certain rate on the amount borrowed in the form of loans. Loans are generally provided by either the banks or the financial institutions to the public or even companies.

The higher the rate of interest the lesser the demand for loans is there. Interest is charged on loans because it is a facility given.

6 0
2 years ago
Read 2 more answers
Joanie recognizes that the board and CEO are particularly worried that individuals will post negative information about the comp
Vilka [71]

<u>Answer</u>:

<u>Should create a non disclosure agreement policy</u>

<u>Explanation:</u>

This is a legally binding agreement that mandates parties to a contract in this case between an employer with an employee, in which the employee agrees not to disclose publicly or to any one negative information about the company that is deemed confidential (secret or private), and that may affect the company negatively.

Thus, to reduce the worries of the board and CEO, Joanie should create a non disclosure agreement signed by employees.

8 0
2 years ago
Other questions:
  • Dita takes out a student loan from Everloan Bank. When she fails to make the scheduled payments for six months, Everloan advises
    14·1 answer
  • This is more a question about highschool. What are exams like? I am going into High school next year. so yea
    9·2 answers
  • Suppose a new technology makes it possible to perfectly predict the weather on your computer. As a result, there isn't as much o
    10·1 answer
  • Suppose that you won a lawsuit and were awarded a series of payments of $10,000 a year for 10 years. Assuming an interest rate o
    10·1 answer
  • Despite zero population growth, why is the population of the United States growing?
    11·1 answer
  • You are caring for radiation victims. What is the most important factor that you should consider to assess a client's chance of
    13·1 answer
  • Tom and Mark tell Susan that they are considering expanding store hours and advertising. They wish to concentrate their efforts
    13·1 answer
  • A college graduate who is searching for his first job illustrates the concept of cyclical unemployment. frictional unemployment.
    15·1 answer
  • Lynn wants to share parts of an essay she wrote in her slide presentation. What is the best way for her to share that text with
    8·2 answers
  • Expenses are recorded as costs of doing business whether cash was paid or not.<br> True or False
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!