-The Table Below Shows Four Alternative Techniques for Assembling a Car

question 289

Multiple Choice

-The table below shows four alternative techniques for assembling a car. The cost of labor is $20 per hour, and the cost of capital is $10 per hour. Which of the four techniques for assembling a car is economically efficient?

• A) T-1
• B) T-2
• C) T-3
• D) T-4

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Definitions:

Competitors

Other businesses or individuals that offer similar products or services, vying for the same customer base or market share.

Technical Feasibility

Evaluation of whether a proposed project or system can be implemented with current technology and resources.

Micro-replication Technology

A manufacturing technique that precisely replicates microscale structures and patterns for various applications, including optical and adhesive products.

Development

The stage of the new-product development process that turns the idea on paper into a prototype.