Examlex

Solved

The First Unit Produced in a Process Takes 600 Hours

question 34

Multiple Choice

The first unit produced in a process takes 600 hours.As the number of units produced doubles,production time decreases by 32%.Using the arithmetic approach,calculate the production time for the 128th unit.


Definitions:

Savings Account

A deposit account held at a financial institution that provides principal security and a modest interest rate.

Entrepreneur

An individual who creates new business ventures, taking on financial risks in the hope of profit.

Economic Losses

Financial losses incurred by businesses or economies, often as a result of adverse conditions, decisions, or events that affect income or assets.

Land Resource

Natural resources encompassing the geographical area and the minerals, water, and fertility it possesses.

Related Questions