Eric Krassow’s firm is about to bid on a new radar system. Although the product uses new technology, Krassow believes that a learning rate of 75% is appropriate. The first unit is expected to take 700 hours, and the contract is for 40 units.
(a) What is the total amount of hours to build the 40 units?
(b) What is the average time to build each of the 40 units?
(c) Assume that a worker works 2,080 hours per year. How many workers should be assigned to this contract to complete it in a year?