You Are a Consultant Called in to Estimate the Costs

question 34

Multiple Choice

You are a consultant called in to estimate the costs after the employees learn how to do a job more efficiently by repetition of new product. You find a company can produce a product the first time at a cost of $5,000. If their 90 percent learning curve allows them to reduce their costs on each unit, what is the total cost of producing 100 units of the new product?

• A) $500,000
• B) $390,000
• C) $290,700
• D) $250,687
• E) $250,000

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Definitions:

Quadriplegic Patient

A person who has paralysis affecting all four limbs, typically as a result of injury or disease of the spinal cord.

Ventrogluteal

Refers to the site on the body used for intramuscular injections, situated on the hip away from major nerves and blood vessels.

Medication Administration

The process of giving a medication to a patient, following the five rights: the right patient, drug, dose, route, and time.

Patient Identification

The process and systems used to ensure the correct patient receives the right healthcare services and interventions.