Richard dulskirsquos firm is about to bid on a new radar, Ask an Expert

Economics

Richard Dulski’s firm is about to bid on a new radar system. Although the product uses new technology, Dulski believes that a learning rate of 80% is appropriate. The first unit is expected to take 720 hours, and the contract is for 45 units.

What is the total amount of hours to build the 45 units?

What is the average time to build each of the 45 units?

Assume that a worker works 2,100 hours per year. How many workers should be assigned to this contract to complete it in a year?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91240325

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