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3 years ago

A learning rate of 0.9 means each of the cumulative output reduces unit costs by .

Business

1 answer:

lyudmila [28]3 years ago

4 0

Answer:

b. 10% doubling

Explanation:

Options are "a. tripling, b. 10% doubling, c. 90% tripling, d. 90% doubling, e. 10%"

In this question, 90%(0.9) learning rate means that (1-0.9)10% unit of input is reduced each time the production is doubled. In a nutshell, the learning curve percentage represents the proportion by which the amount of an input per unit of output is reduced each time production is doubled.

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The table below presents the average and marginal cost of producing cheeseburgers per hour at a roadside diner.

Butoxors [25]

Answer:

a. At a quantity of 40 cheeseburgers per hour, the average total cost of production is falling and the marginal cost of cheeseburger production is rising.

b. At a quantity of 60 cheeseburgers per hour, the average variable cost of production is rising and the average total cost of cheeseburger production is at a minimum.

Explanation:

a. At a quantity of 40 cheeseburgers per hour, the average total cost of production is falling and the marginal cost of cheeseburger production is rising.

From the table in the question, it can be observed that the average total cost of production at a quantity of 30 cheeseburgers per hour is higher than the average total cost of production at a quantity of 40 cheeseburgers per hour, while the average total cost of production at a quantity of 50 cheeseburgers per hour is lower than the average total cost of production at a quantity of 40 cheeseburgers per hour. This implies that at a quantity of 40 cheeseburgers per hour, the average total cost of production is falling.

Also from the table in the question, it can be observed that the marginal cost of production at a quantity of 30 cheeseburgers per hour is lower than the marginal cost of production at a quantity of 40 cheeseburgers per hour, while the marginal cost of production at a quantity of 50 cheeseburgers per hour is higher than the marginal cost of production at a quantity of 40 cheeseburgers per hour. This implies that at a quantity of 40 cheeseburgers per hour, the marginal cost of production is rising.

b. At a quantity of 60 cheeseburgers per hour, the average variable cost of production is rising and the average total cost of cheeseburger production is at a minimum.

From the table in the question, it can be observed that the average variable cost of production at a quantity of 50 cheeseburgers per hour is lower than the average variable cost of production at a quantity of 60 cheeseburgers per hour, while the average variable cost of production at a quantity of 70 cheeseburgers per hour is higher than the average variable cost of production at a quantity of 60 cheeseburgers per hour. This implies that at a quantity of 60 cheeseburgers per hour, the average variable cost of production is rising.

Also from the table in the question, it can be observed that the average total cost of cheeseburger production at quantities of 50 and 60 cheeseburgers per hour are equal and the lowest on the table, this implies that the average total cost of cheeseburger production is at a minimum at a quantity of 60 cheeseburgers per hour.

7 0

3 years ago

Because there is so much unpredictability in all supply chains, companies must use ___ to make supply chain decisions.

algol13

Because there is so much unpredictability in all supply chains, companies must use Supply Chain Management to make supply chain decisions.

<h3 /><h3>Supply Chain Management: What Is It?</h3>

All procedures that convert raw materials into finished commodities are included in supply chain management, which controls the movement of both goods and services.

Because all supply chains are inherently unpredictable, businesses must employ supply chain management to make decisions about their supply chains.

Businesses can reduce unnecessary expenses and deliver goods to customers more quickly and effectively by using supply chain management.

Creating a strategy, locating raw materials, production, distribution, and returns are the top five aspects of supply chain management.

Learn more about Supply Chain Management here:

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8 0

2 years ago

Read 2 more answers

Net income increases when: Group of answer choices fixed costs increase. depreciation increases. the average tax rate increases.

worty [1.4K]

Net income increases when "revenue" increases.

<h3>What is revenue?</h3>

The overall revenue generated by a business over a predetermined period of time. This can be done by-

The entire income generated by a specific source, such as a property with high predicted yearly returns.

The total income a financial investment generates.
The amount of revenue that a political entity, such as a country or state, collects and deposits into the treasury for use by the general public.

The simplest way to determine revenue is to multiply the total number of units sold by the selling price.
A company's earnings, or bottom line, will be lower than its sales because revenues do not take expenditures or expenses into account.

To know more about the financial investment, here

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5 0

2 years ago

During the past year, a company reported net income of $230,000. Depreciation expense was $22,000. In December the company recei

tamaranim1 [39]

Answer: $259000

Explanation:

Based on the information provided in the question, the amount of cash provided by operating activities that should appear on a statement of cash flows would be:

Net income = $230,000

Add: Depreciation expense = $22,000

Add: Rent = $7000

Total = $259,000

8 0

3 years ago

Jane is considering a 7/23 balloon mortgage with an interest rate of 4.15% to purchase a house for $197,000. What will be her mo

shutvik [7]

Answer:

957.62 Hope it helps

Explanation:

6 0

3 years ago

A learning rate of 0.9 means each __________ of the cumulative output reduces unit costs by __________.

A learning rate of 0.9 means each of the cumulative output reduces unit costs by .