A Job Is Expected to Have a Learning Curve of 90

question 44

Multiple Choice

A job is expected to have a learning curve of 90 percent.The third unit required 16 hours.The twelfth unit should take approximately how many hours?

• A)2.67
• B)4.83
• C)7.94
• D)10.31
• E)12.95

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Definitions:

Payroll Tax

A levy placed on either employees or employers, typically determined as a fraction of the wages employers distribute to their workers.

Elasticity of Labor Supply

The responsiveness of workers to change their supply of labor (hours worked) in reaction to changes in wage rates.

Payroll Tax

Tariffs levied on employers and employees alike, generally calculated by a fraction of the workers' salaries.

Regressive

Describes a tax or policy that disproportionately affects lower-income individuals, typically by taking a larger percentage of their income.