The First Unit of a Product Took 50 Hours to Build

question 14

Multiple Choice

The first unit of a product took 50 hours to build, and the learning curve is 80%. How long will it take to make the third unit? (Use at least three decimals in the exponent if you use the formula approach.)

• A) under 30 hours
• B) about 32 hours
• C) about 35 hours
• D) about 50 hours
• E) about 75 hours

---

Definitions:

Indexation

The automatic correction by law or contract of a dollar amount for the effects of inflation

Time Inconsistency

The tendency of people to change their plans or decisions over time in ways that they might not have predicted or considered optimal originally.

Zero Inflation

A situation in which prices remain constant over time, indicating no general increase in the level of prices in an economy.

Nobel Prize

Prestigious awards given annually across various categories, including Peace, Literature, and various sciences, recognizing significant achievements.