The Length of Time (In Seconds) a Certain Individual Takes

question 284

Short Answer

The length of time (in seconds) a certain individual takes to learn a list of n items is approximated by . Use differentials to approximate the additional time it takes the individual to learn the items on a list when n is increased from 70 to 72 items. Round to the nearest second. __________ sec

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Definitions:

Economies of Scale

The cost advantage that arises with increased output of a product, where the average cost per unit decreases as the scale of production rises.

Inputs

Resources such as labor, materials, and capital used in the production process to create goods and services.

Output

The total amount of goods or services produced by a person, machine, company, or industry.

Diseconomies of Scale

Occur when a company or business grows so large that the costs per unit increase. It represents the negative counterpart to economies of scale.