If the Per-Worker Production Function Is Y = Ak, Where

question 24

Multiple Choice

If the per-worker production function is y = Ak, where A is a positive constant, then the marginal product of capital:

• A) increases as k increases.
• B) is constant as k increases.
• C) decreases as k increases.
• D) cannot be measured in this case.

Apply statistics to ensure confidence in standard time calculations based on observed times and standard deviations.

Determine the financial implications of performance against standard times in incentive programs.

Estimate required sample sizes for time studies to achieve desired confidence levels and errors.

Appreciate the importance of accurate element descriptions and their impact on time measurement accuracy.

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