An Assembly Line Is Assigned as Follows

question 63

Essay

An assembly line is assigned as follows. Station A- task A, B, and C. Station B- task D. Station C- task E and F. The task times are 7, 3, 2, 9, 4, and 5 minutes respective to A, B, C, D, E, and F. (Assume that there is no precedence relationships between the tasks, ie they can be accomplished in any order)
A. Calculate the efficiency.
B. What would the assignment of tasks to stations be using shortest processing time (assuming the current maximum station time remains the cycle time)?

Determine the conditions under which a firm should continue production or shut down in the short run.

Understand the relationship between price, average revenue, marginal cost, and marginal revenue in the determination of production levels.

Calculate economic profits or losses based on price, average cost, and output levels.

Explain the role of fixed and variable costs in the firm's short-run production decisions.

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Definitions:

Memory Task

An activity designed to assess or improve the capacity to recall or recognize information.

Experimental Group

In research, the group of participants that receives the treatment or condition being tested, contrasted with the control group that does not.

Random Assignment

A technique for assigning human participants or animal subjects to different groups in an experiment using randomization, which ensures that each participant or subject has an equal chance of being placed in any group.

Experimental Group

In research, the group of participants exposed to the variable or condition being tested to observe its effects.