Question: Question 7 (2 points) Listen Little's Law (Redesigning Production Process). A firm has redesigned its production process so that it now takes 9 hours for

Question 7 (2 points) Listen Little's Law (Redesigning Production Process). A firm has redesigned its production process so that it now takes 9 hours for a unit to be made. Using the old process, it took 15 hours to make a unit. If the process makes a unit each hour on average and each unit is worth $1,200, what is the reduction in work-in-process value? $45,000 $7,200 $7,000 $18,000

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