Output Per Worker Is 50,the Saving Rate Is 15 Percent,the

question 42

Multiple Choice

Output per worker is 50,the saving rate is 15 percent,the population is growing at one percent,depreciation is 9 percent,and the capital-labor ratio is 80.Consumption per worker is ________.

• A)37.5
• B)falling
• C)75
• D)68

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Definitions:

Average Flow Time

The average time that it takes for a unit to move through a specific process or system, from start to finish.

Economic Order Quantity

A formula used to determine the optimal order size that minimizes the sum of ordering, holding, and stockout costs.

Optimal Batch Size

The most efficient quantity of items to produce in a single batch, minimizing the total costs associated with setup, holding, and production.

Freshness

The quality of being recently made or obtained, which is especially important in the context of perishable goods.