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The First Unit of a Product Took 180 Hours to Complete

question 71

Essay

The first unit of a product took 180 hours to complete. The firm plans to produce 4 units in the first month and 15 units in the second month. If a 70% learning curve is expected, how many hours will the firm use to work on the product during the second month?


Definitions:

Consignment

A process in which an exporter sends goods to an importer without transferring ownership.

Ownership

The legal right or state of having control over something, such as property, assets, or a business.

Exporter

An exporter is a person or company that sells goods or services to buyers in another country, contributing to international trade and economic growth.

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