Question: 3 . Individual Problems 7 - 5 Suppose you have a production technology that can be characterized by a learning curve. Every time you increase

3. Individual Problems 7-5
Suppose you have a production technology that can be characterized by a learning curve. Every time you increase production by one unit, your marginal cost decreases by \(\$ 4\). There are no fixed costs, and the first unit costs you \(\$ 66\) to produce.
Use the given information to fill in the marginal cost of each unit, as well as the total cost and average cost of each level of output.
Suppose you receive a request for proposal (RFP) on a project for four units.
Your break-even price for four units is
Suppose that if you get the contract, you estimate that you can win another project for two more units.
The break-even price for those next two units alone is
3 . Individual Problems 7 - 5 Suppose you have a

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