The First Unit Produced in a Process Takes 480 Hours

question 4

Multiple Choice

The first unit produced in a process takes 480 hours.As the number of units produced doubles,production time decreases by 18%.Using the arithmetic approach,calculate the production time for the 32nd unit.

• A)217 hours
• B)328 hours
• C)178 hours
• D)156 hours

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Definitions:

Foreign Assets

Investments or properties owned by individuals, companies, or governments in countries other than their own.

Trade Balance

The difference in value between a country's imports and exports over a certain period, indicating the relative strength of its economy.

Net Capital Outflow

The sum representing a country's outbound investments minus its inbound investments from abroad over a specific period.

Investment

The allocation of resources, such as capital or time, in expectation of future benefit or profit.