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The cost of inspection for three different product characteristics A,B,and C,is $10,$12 and $8 respectively.The cost of failure if any one of them breaks down is $100 (full replacement cost of the product) .Where should the priority to inspect first be?
Human Capital
The economic value of the abilities, skills, and training of an individual or workforce.
Better Educated
Having a higher level of education or more extensive knowledge.
Better Product
A product that offers higher quality, more features, or superior performance compared to its competitors in the market.
Labor-Saving Appliances
Devices designed to reduce the amount of manual labor needed to perform household tasks, increasing efficiency and saving time.
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