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In wox limited the first 31 units takes 34 hours to be produced where the learning curve rate is 77%. Calculate how much time it will take to produce 124 units using the wright model , also find the unit time of 2nd slot

In wox limited the first 31 units takes 34 hours to be produced where the learning curve rate is 77%. Calculate how much time it will take to produce 124 units using the wright model , also find the unit time of 2nd slot

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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In wox limited the first 31 units takes 34 hours to be produced where the learning curve rate is 77%. Calculate how much time it will take to produce 124 units using the wright model , also find the unit time of 2nd slot .

Expert Solution
Step 1

To be determined:

The Time taken to produce 124 units and the unit time of the second slot

 

Details given :

Time taken by 31 units = 34 Hours (Initial time )

Learning curve rate = 77 %

 

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