An Assembly Line Has 10 Stations with Process Times of 1

question 10

Multiple Choice

An assembly line has 10 stations with process times of 1, 2, 3, 4, …, 10 respectively. The process time of the system is

• A) 18.18% of the process cycle time.
• B) 100% of the process cycle time.
• C) 550% of the process cycle time.
• D) 50% of the process cycle time.
• E) 2% of the process cycle time.

---

Definitions:

Production Function

A mathematical representation of the relationship between inputs (like labor and capital) and the maximum output that can be produced with those inputs.

Profit-maximizing Quantity

The level of output at which a firm achieves the greatest profit, determined when marginal revenue equals marginal costs.

Profit-maximizing Quantity

The quantity of a product that results in the highest possible profit for the producer, determined by the point where marginal cost equals marginal revenue.

Production Function

A mathematical relation that describes the maximum output of a good derived from different combinations of factors of production.