You Are a Consultant Called in to Estimate the Costs

question 43

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.You find a company can produce a product the first time at a cost of $2,500.If their 65 percent Learning Curve allows them to reduce their costs on each product,what is the total cost of producing 400 units of the new product?

• A)$100,000
• B)$78,900
• C)$58,600
• D)$45,765
• E)$37,850

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Definitions:

Deltoid Muscle

A large, triangular muscle covering the shoulder joint, responsible for lifting the arm and giving the shoulder its range of motion.

Needle Size

The dimension of a needle, including its length and gauge, which is chosen based on the type of injection or aspiration and the patient's physical attributes.

Idiosyncratic Event

An unusual or unique occurrence that is specific to an individual or context, often unpredictable based on prior experience.

Central Nervous System Stimulant

A type of drug that increases alertness, attention, and energy by stimulating activity in the brain and spinal cord.