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The normal time to perform the regular work cycle is 4.43 min. In addition, an irregular work element with a normal time = 1.75 min is performed every 6 cycles. The PFD allowance factor is 17%.
Determine:
(a) the standard time
(b) the number of work units produced during an 8-hr shift if the worker's pace is consistent with standard performance.
(c) the anticipated amount of time lost per 8-hour shift.
(d) determine the standard hour and worker efficiency if 150 units are produced in 8-hour shift
(e) determine the payment of the worker per day if he produce 150 units in 8-hour shift [the wage rate is $10/hour)
Based on the analysis of the data, share your thoughts on what caused the financial crisis and whether the United States is going in the right or wrong direction with its current policies.
Write a research Paper on Inflation and Employment.
When there is deflation, as in inflation of -1%, the real interest rate that Herb pays (as compared to what he expected to pay): increases, so Herb feels poorer decreases, so Herb feels richer increases, so Herb feels richer decreases, so Herb fee..
Explain and illustrate using the graph of the labour market and the production function the effect of decrease in labour productivity on potential GDP, the quantity of labour, and the real wage rate.
If prices rise, people’s income from selling goods increases. However, the growth of real GDP ignores this gain. Given this information, why do economists prefer real GDP as a measure of economic well-being?
on average, does an increase in taxes raise or lower real gdp if taxes as a percent of gdp go up 1 percent, by how much does real gdp change are the decreases in real gdp caused by tax increases temporary ir permanent does the intention of a tax i..
Suppose the City of Klamath is considering plans to build a dam on the Klamath River. There are currently social benefits to the recreational fishermen who use the river to catch salmon.
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases
1. Suppose that you have saved $100. You can spend it today or you can put it in your savings account for a year and earn 5% interest. What is the opportunity cost of spending the money today? 2. What is the difference between capital goods and ..
Steve plans to take the contract that provides him with the highest net present value. At what discount rate would he be indifferent between the two contracts.
The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours Per week (Q T ) supplied to the market.
A company in a purely competitive industry is currently producing 1000 units a day at a total cost of $450. If the firm produced 800 units per day, its total cost would be $300.
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