learning curve

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 38CTQ: Do you think that the taxicab industry in large cities would be subject to significant economies of...
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The first unit of an eight-unit job took 64 minutes. If the work has a 75% learning curve, which
is your estimate of the minutes that will be needed for the last unit (Apply the incremental unit
Time Model)?
O a. 48
O b. 54
O c. 36
O d. 27
Transcribed Image Text:The first unit of an eight-unit job took 64 minutes. If the work has a 75% learning curve, which is your estimate of the minutes that will be needed for the last unit (Apply the incremental unit Time Model)? O a. 48 O b. 54 O c. 36 O d. 27
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