Garman Observes a Worker Assembling Peanut Valves and Records the Data

question 41

Multiple Choice

Garman observes a worker assembling peanut valves and records the data displayed in the table.During one of the cycles,the worker knocked the shaft out of the fixture and had to realign the fixtures.What is the select time for this job element if the worker is rated at 80%?
$$\begin{array} { | c | c | } \hline \begin{array} { c } \text { Time } \\\text { (seconds) }\end{array} & \text { Observations } \\\hline 20 & 15 \\\hline 25 & 12 \\\hline 30 & 12 \\\hline 240 & 1 \\\hline\end{array}$$

• A) Less than 23 seconds
• B) Greater than or equal to 23 seconds but less than 26 seconds
• C) Greater than or equal to 26 seconds but less than 29 seconds
• D) Greater than or equal to 29 seconds

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Definitions:

Price Ratio

The ratio of the prices of two goods or services, often used in the context of trade or barter.

Elasticity of Demand

A measure of how responsive the quantity demanded is to a change in price, indicating how a product's demand will fluctuate with pricing changes.

Marginal Rate

Often refers to the incremental increase in cost or benefit associated with a one-unit change in an economic activity.

Substitution

The economic principle where consumers replace more expensive items with less costly alternatives, or when firms swap higher-priced inputs with cheaper resources.