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Question
You are a consultant called in to estimate the costs after the employees learn how to do a job more efficiently by repetition of new product. You find a company can produce a product the first time at a cost of $5,000. If their 90 percent learning curve allows them to reduce their costs on each unit, what is the total cost of producing 100 units of the new product?
A. $500,000
B. $390,000
C. $290,700
D. $250,687
E. $250,000
Answer
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Related questions
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