Suppose the Average Time for the First 1,000 Units You

question 9

Multiple Choice

Suppose the average time for the first 1,000 units you have manufactured is 2.375 minutes.Your rate of learning is 90 percent,and you need to find the total time required to manufacture the next 1,000 units.Refer to the copy of Table I.1 appended to this exam.The total time is:

• A)not more than 2,000 minutes.
• B)greater than 2,000 minutes but not more than 2,700 minutes.
• C)greater than 2,700 minutes but not more than 3,300 minutes.
• D)greater than 3,300 minutes.

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Definitions:

Takings Clause

A clause in the Fifth Amendment of the U.S. Constitution requiring that when government uses its power to take private property for public use, it must pay the owner just compensation, or fair market value, for the property. Also called just-compensation clause.

Just Compensation

The fair payment required to be given to a property owner when their property is taken for public use, under eminent domain.

Self-Incrimination

The act of exposing oneself to prosecution by being forced to respond to questions or by providing evidence in a legal proceeding.

Fifth Amendment

The Fifth Amendment refers to a part of the United States Constitution that provides several protections to individuals, including rights against self-incrimination and double jeopardy, and the assurance of due process.