Answer:
It will reduce
Explanation:
Imagine a capacity constrained, single resource process with multiple employees working at the single resource. If the number of employees increases then the cycle time for the process will reduce.
<em>Cycle time = Average time between completion of units.</em>
If we take an example of a manufacturing facility, which is producing 1000 units of product per 40 hour week. The average throughput rate is 10 unit per 0.04 hours, which is one unit every 2.4 minutes. Therefore the cycle time is 2.4 minutes on average.
If we increase the number of workers, the circle time will definitely reduce because more workers will finish a particular work in less time
Answer:
its long-run average total costs will fall
Explanation:
Economies of Scale is a term used in business operation or production manufacturing to describe the cost benefits a company or firm acquired when it expands its quantity or number of output. This often leads to a decrease in average variable cost.
Hence, the right answer is this situation is If a firm is experiencing economies of scale in its production process, "its long-run average total costs will fall"
Answer:
C.
Explanation:
Therapeutics, Support Services, and Diagnostics
Answer:
The correct answer is b) unit of account
Explanation:
The statement "This Dell laptop costs $1,200" illustrates which function of money? Unit of account
The unit of account represents one of the function of money, The value of an article is measured the same currency to compare with another article.
