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Balance the assembly line using the following task information contained in the table. The desired output is 360 units per day. Available production time per day is 480 minutes. What is the efficiency for the balanced assembly line?
Real Variable
A variable, such as income or output, that has been adjusted for inflation, reflecting true purchasing power.
Recession
A period of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in two successive quarters.
Net Exports
The value of a country's total exports minus the value of its total imports, representing a component of a nation's GDP.
Short Run
A period in which at least one input is fixed, limiting the ability of a firm to adjust all of its inputs to change output.
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