Using the accompanying log-log graph, answer the following questions:500400300200ActualOptimum10080604020101050100 150200Total units producedLabor-hours per unit b) What could be causing the fluctuations above the optimum line?A. fluctuations in the quality of raw materialsB. turnover in the workforceC. inconsistent maintenance of machineryD. All of the above.c) If management forecasted the tenth unit on the optimum line, what was that forecast in hours?The optimum time for the tenth unit is approximatelyhours.d) If management built the tenth unit as indicated by the actual line, how many hours did it take?The actual time for the tenth unit is approximatelyhours.

Quality of raw materials is an important factor in determining the total production. When raw…

b) What could be causing the fluctuations above the optimum line? O A. fluctuations in the quality of raw materials O B. turnover in the workforce O C. inconsistent maintenance of machinery O D. All of the above. c) If management forecasted the tenth unit on the optimum line, what was that forecast in hours? The optimum time for the tenth unit is approximately hours. d) If management built the tenth unit as indicated by the actual line, how many hours did it take? The actual time for the tenth unit is approximately hours.

b) What could be causing the fluctuations above the optimum line? O A. fluctuations in the quality of raw materials O B. turnover in the workforce O C. inconsistent maintenance of machinery O D. All of the above. c) If management forecasted the tenth unit on the optimum line, what was that forecast in hours? The optimum time for the tenth unit is approximately hours. d) If management built the tenth unit as indicated by the actual line, how many hours did it take? The actual time for the tenth unit is approximately hours.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter21: Production And Costs

Section21.5: Production And Costs In The Long Run

Problem 1ST

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