Question: If the first unit of a production run takes I hour and the firm is on an 80% learning curve, how long will unit 100

If the first unit of a production run takes I hour and the firm is on an 80% learning curve, how long will unit 100 take? (Hint: Apply the coefficient in Table E.3 twice.)

....E.25 Using the accompanying log-log graph, answer the fol- lowing questions:

a) What are the implications for management if it has forecast its cost on the optimum line?

b) What could be causing the fluctuations above the optimum line?

c) If management forecast the 10th unit on the optimum line, what was that forecast in hours?

d) If management built the 10th unit as indicated by the actual line, how many hours did it take?

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