Examlex
An assembly line consists of 21 tasks grouped into 5 workstations.The sum of the 21 task times is 85 minutes.The largest assigned cycle time is 20 minutes.What is the efficiency of this line?
Marginal Product
The additional output resulting from using one more unit of a particular input, holding other inputs constant.
Total Revenue
The total amount of money a company receives from its sales of goods or services, calculated before any expenses are subtracted.
Total Output
The total quantity of goods and services produced in an economy over a specific period of time.
Total Cost
The sum of fixed and variable costs incurred by a business in the production of goods or services.
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