The time to assemble the first unit on a production line is 11 hours. The learning rate is 0.93. Approximately how long will it take for the sixth unit to be assembled? The number of hours needed for the sixth unit to be assembled is hours. (Round to one decimal place.)
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- The improvement in output per worker due to adopting new technology could be shown as (Select one from the picture attached)The cumulative average labor hours to assemble the first five units of product A was 15.901 hours. If the learning curve, based on the previous experience with similar products, is 85%, what is the estimated time (labor hours) that will be required to assemble the 15th unit? The number of labor hours required to assemble the 15th unit is ? hours. (Round to one decimal place.)How many units of output should each plant produce? Please specify your answer as an integer.
- A small bank is trying to determine the number of tellers to employ. The total cost of employing a teller is $100 per day, and a teller can serve an average of 160 customers per day. On average, 210 customers arrive per day at the bank, and both service times and interarrival times are exponentially distributed. If the delay cost per customer day is $200, how many tellers should the bank hire?If the number of miles for a delivery is 5 & the number of minutes is 30, what is the estimated overhead cost associated with that delivery rounded to two decimals?If 150 labor hours were required to produce the 1st unit in a production run and 40 labor hours were required to produce the 7th unit, what was the learning curve rate during production?
- The concept of ‘constant returns to scale’ implies that, if the state of technology (A) remains constant, an increase of x times in both the capital (K) and the amount of labour (N) will lead to an increase of x times in the output.Spencer manages a store that sells speakers. Each Master Blaster takes 36 hours to create the plastic pieces, 17 hours to create the electronics, and 33 hours of labor to assemble the final product. Each Jammer requires 12 hours to create the plastic pieces, 34 hours to create the electronics, and 39 hours of labor to assemble the final product. The factory has 3060 hours to create the plastic pieces, 2924 hours to create the electronics, and 3813 hours of labor to assemble the final product each week. If each Master Blaster generates $3 in revenue, and each Jammer generates $11, how many of each of the speakers should Spencer have the store sell each week to make the most revenue?Master Blaster: Jammer: Best revenue:Suppose the relationship between your study time and your grade on a History midterm is given by the following table:If you study for Your grade will be4 hours 805 hours 906 hours 93What is the "marginal grade improvement (MGI)" of the 5th hour of studying? What is the "marginal grade improvement (MGI)" of the 6th hour of studying? Why might the MGI be diminishing?
- the correct answer is $6090 3 tables at $1530 1 table at $1500 equals -$6090Q4 (i) A business manager determines that t months after production begins on a new product, the number of units produced will be P thousand,where P(t) =6t2 + 5t (t + 1)2. What happens to production in the long run ? (ii) A ruptured pipe in a North Sea oil rig produces a circular oil slick that is y meters thick at a distance x meters from the rupture.Turbulence makes it difficult to directly measure the thickness of the slick at the source (where x = 0),but for x > 0,it is found that y =0.5(x2 + 3x) /x3 + x2 + 4x.Assuming the oil slick is continuously distributed,how thick would you expect it to be at the source?What is meant by a sunk cost? Give typical sunk costs for an IT project.