The time to assemble the first unit on a production line is 13 hours. The learning rate is 0.81. Approximately how long will it take for the eighth unit to be assembled? The number of hours needed for yhe eighth unit to be assembled is ? hours. (Round the one decimal place.)

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter8: Production And Costs
Section8.4: Costs Of Production: Total, Average, Marginal
Problem 1ST
icon
Related questions
Question
100%

The time to assemble the first unit on a production line is 13 hours. The learning rate is 0.81. Approximately how long will it take for the eighth unit to be assembled?

The number of hours needed for yhe eighth unit to be assembled is ? hours. (Round the one decimal place.)

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Learner's Curve
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Microeconomics
Microeconomics
Economics
ISBN:
9781337617406
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning