Vestor Ltd

question 132

Multiple Choice

Vestor Ltd.has estimated a 90% incremental unit time learning curve applies to labour time to manufacture its new product.The first unit took 18 hours.If Vestor's estimates are correct, how many hours will be used to manufacture 4 total units?

• A)14.58 hours
• B)64.80 hours
• C)72.00 hours
• D)64.01 hours
• E)58.32 hours

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Definitions:

Personal Income Tax

A tax that governments impose on individuals directly based on their income, including wages, salaries, and investment earnings.

Aggregate Supply

represents the total supply of goods and services that firms in an economy are willing and able to produce at a given overall price level and in a given time period.

Economic Growth

The increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

Business Cycle

The natural rise and fall of economic growth over time, consisting of periods of expansion, peak, contraction, and trough.