The Management of a Factory Finds That the Maximum Number

question 240

Multiple Choice

The management of a factory finds that the maximum number of units a worker can produce in a day is 30.The learning curve for the number of units N produced per day after a new employee has worked days is modeled by After 20 days on the job,a worker is producing 19 units in a day.How many days should pass before this worker is producing 25 units per day? ​

• A) about 36 days.
• B) about 45 days.
• C) about 30 days.
• D) about 10 days.

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Definitions:

Marginal Cost

The increase or decrease in total production cost when producing one additional unit of a good.

Average Cost

The total cost of production divided by the quantity of output produced, also known as the cost per unit.

Marginal Cost

The escalation in aggregate cost that comes from generating one more unit of a product or service.

Fixed Cost

Costs that do not change with the amount of goods or services produced by a business.