It Took 60 Hours to Make the First Unit of a Product

question 100

Multiple Choice

It took 60 hours to make the first unit of a product. After the second and third units were made, the learning curve was estimated to be 80%. At $10 per hour, estimate the labour bill for the fourth unit. (Use at least three decimals in the exponent if you use the logarithmic approach.)

• A) $400 or less
• B) from $400 to $420
• C) from $420 to $440
• D) from $1800 to $2000
• E) over $2000

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Definitions:

Part-time

Refers to jobs or positions that require fewer hours of work per week than full-time positions.

Dependent Variable

The factor in research that is likely to shift following modifications to the independent variable.

Independent Variable

An independent variable is one that is manipulated or categorised to observe its effect on a dependent variable.

New Yorkers

Residents or natives of New York City or the state of New York.