To Maximize an Assembly Line's Efficiency

question 32

Multiple Choice

To maximize an assembly line's efficiency

• A)the line's balance delay must be minimized.
• B)the line's balance delay must be maximized.
• C)the cycle time must be less than the flow time.
• D)the flow time must be less than the cycle time.

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Definitions:

Marginal Cost

The change in total cost that arises when the quantity produced is incremented by one unit.

Economic Efficiency

A situation where resources are allocated in a way that maximizes the net benefit to society.

Market Demand Curve

A graphical representation that shows the total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.

Marginal Benefit

The gain in utility or satisfaction derived from the additional consumption of a unit of a good or service.