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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. You find a company can produce a product the first time at a cost of $2,500. If their 65 percent Learning Curve allows them to reduce their costs on each product, what is the total cost of producing 400 units of the new product?
A. $100,000
B. $78,900
C. $58,600
D. $45,765
E. $37,850
Answer
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Related questions
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