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If the first unit of a product took 25 minutes to produce and the learning curve rate is 80%, how much time will the production of the 100th unit take?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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If the first unit of a product took 25 minutes to produce and the learning curve rate is 80%, how much time will the production of the 100th unit take?

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