2. Calculate the appropriate learning rate and the overall average improvement rate for this data set. (Hint: Subtract Average labor/unit of previous lower production level from the Average labor/unit of the production level for which you are trying to figure out the learning rate, then divide by the previous production level average labor/unit. See example above 6-5.4/6=10%) I included an image that has a table in it 1. Given the above data, calculate the average labor per unit given the cumulative total labor hours provided (this isalready given to you below, but please spend some time analyzing it with the information you learned from the bookAll you are doing here is dividing the number of total labor hours by the number of units. L.e. 2 units/ 10.8 of total laborhours it took = 5.4 average labor per unit).Total LaborHoursQuestion 1Average labor Leaming RateUnitsQuestion 2-per unit...1210.85.410%419.24.811.1%35.24.48.3%16644.09.1%32115.23.610%64211.23.38.3%1283843.09.1%Overall AverageimprovementRateApplicableLearning Curve2. Calculate the appropriate learning rate and the overall average improvement rate for this data set. (Hint: SubtractAverage labor/unit of previous lower production level from the Average labor/unit of the production level for which youare trying to figure out the learning rate, then divide by the previous production level average labor/unit. See exampleabove 6-5.4/6-10%)3. Are gains from learning realized early in production or at a later point?4. A learning curve applies to improvements in the direct labor portion of a process. How does the learning curvediffer from the experience curve?

Answered: Image /qna-images/answer/b16fea8f-061e-4623-b502-1dddfd24b5f8.jpg

Units Total Labor Hours Question 1 Average labor Learning Rate per unit Question 2- 10.8 5.4 10% 19.2 4.8 11.1% 35.2 4.4 8.3% 16 64 4.0 9.1% 32 115.2 3.6 10% 64 211.2 3.3 8.3% 128 384 3.0 9.1% Overall Average mprovement Rate Applicable Learning Curve 2 Calculate the appropriate learning rate and the overall average improvement rate for this data set. Jsbora

Units Total Labor Hours Question 1 Average labor Learning Rate per unit Question 2- 10.8 5.4 10% 19.2 4.8 11.1% 35.2 4.4 8.3% 16 64 4.0 9.1% 32 115.2 3.6 10% 64 211.2 3.3 8.3% 128 384 3.0 9.1% Overall Average mprovement Rate Applicable Learning Curve 2 Calculate the appropriate learning rate and the overall average improvement rate for this data set. Jsbora

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter9: Production Functions

Section: Chapter Questions

Problem 9.2P

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