What was the learning rate
Problem: A production lot of 25 units required 103.6 hours of effort. Accounting records show that the first unit took 7 hours. What was the learning rate?
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A production lot of 25 units required 103.6 hours of effort. Accounting records show that the first unit took 7 hours. What was the learning rate?
Compute the marginal revenue product of the sixth worker. Explain why it is or is not profit maximizing to hire a sixth worker.
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international lending institutions, to relieve the severe problems caused by warfare.
On a graph, draw the economy's production possibility frontier (ppf). Where does the ppf intersect the Y-axis? Where does it intersect the X-axis? What meaning do those points have?
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