The First Unit of a Product Took 180 Hours to Complete

question 49

Essay

The first unit of a product took 180 hours to complete. A 70% learning curve is expected. (a) How long will the 19^th unit take to complete? (b) How long will it take to complete the first 19 units?

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Definitions:

National Industrial Recovery Act

A 1933 U.S. law aimed at boosting economic recovery during the Great Depression by regulating industry standards and promoting fair wages and hours for workers.

Industrial Output

The total volume of products and services produced by the manufacturing sector of an economy.

Legislation

Laws or statutes enacted by a legislative body to regulate, authorize, sanction, grant, declare, or restrict various activities.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months.