Question: 1: Calculate a future cost given a learning rate The initial cost to produce a widget is estimated to be $300. The learning rate has

1: Calculate a future cost given a learning rate The initial cost to produce a widget is estimated to be $300. The learning rate has been calculated to be 95%. a) Calculate the average cost per unit, when producing 128, using the basic theory proposed by Wright that every time production doubles, the time required (cost) will decrease by the learning rate. b) Calculate the average cost per unit, when producing 128, using the Wright's equation

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