Question: 1. Estimate the experience curve coefficient for a cost curve with an initial unit cost of $650, an initial cumulative volume of 500 units, a

1. Estimate the experience curve coefficient for

1. Estimate the experience curve coefficient for a cost curve with an initial unit cost of $650, an initial cumulative volume of 500 units, a current unit cost of $470, and a cumulative volume of 10,000 units. What is the estimated unit cost when the business hits a cumulative volume of 20,000 units? 2

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