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Assume that an assembly line has three tasks that must be completed (in order, A, B, and C) . The tasks have processing times of 12, 15, and 10 minutes per unit, respectively. If the assembly line operates for 480 minutes per day with a desired output of 50 units per day, what is assembly line efficiency?
Marginal Product
The additional output produced by adding one more unit of a specific input, ceteris paribus.
Technological Changes
Alterations or improvements in technology, processes, or methodologies that can increase efficiency, productivity, or bring new products and services.
Skilled Labor
Refers to workers who have specialized training, education, or expertise that increases their productivity and value to employers.
Business Manager
is a professional responsible for planning, directing, and overseeing operations and fiscal health of a business unit, division, department, or an operating unit within an organization.
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