If the Sum of All Task Times Is 50 and the Cycle

question 27

Multiple Choice

If the sum of all task times is 50 and the cycle time is 10,then ______.

• A)the number of workstations is 5
• B)the number of workstations is 500
• C)the balance efficiency is .88
• D)the idle time is 3

---

Definitions:

Market Equilibrium

A point in a market where the quantity of goods supplied is equal to the quantity of goods demanded.

Consumer Surplus

The gap between what consumers are ready and able to expend for a good or service and what they actually spend.

Price Ceiling

A legally imposed limit on the price that can be charged for a good or service, typically set below the equilibrium price.

Excess Demand

A situation where the quantity demanded of a good or service exceeds the quantity supplied at a particular price, often leading to upward pressure on prices.