Question: 5 points QUESTION 4 Ch 6 #8 (some values changed) Consider again the preparation of income tax statements. The process starts with an initial cost

5 points QUESTION 4 Ch 6 #8 (some values changed)
5 points QUESTION 4 Ch 6 #8 (some values changed)
5 points QUESTION 4 Ch 6 #8 (some values changed) Consider again the preparation of income tax statements. The process starts with an initial cost (1) 45 and a learning rate of LR 0,90) (different from above and from the problem in the book), and by now has reached a cumulative output of 100. Without using the LCC method, what do you expect production to be for the 100th unit? You will need to look up the slope, b for the learning curve and use this formula: CCI) X Nb. (Read Nb, as N to the power of b). Rate 0.5 TABLE 62 Relationship between the Leaming Rate, LR, and the Slope of the Learning Curve In a Log-log Graph (computed based on the relationship LR-25 op Learning Learning Leaming Learning Learning Rate Slope Rate Slope Rate Slope Rate Slope Slope -1 0.6 -0.73697 0.7 -0.51457 0.8 -0.32193 0.9 -0.152 0.51 -0.97143 0.61 -0.71312 0.71 0.49411 0.81 0.30401 091 - 013600 0.52 -0.94342 0.62 -0.08960 0.72 -0.47393 0.82 -0.2863 0.92 - 012029 0.53 -0.91594 0.63 -0.06058 0.73 -0.45403 0.83 0.26882 0.93 -0.1047 0.54 -0.88897 0.64 -0.64386 0.74 -0.4344 0.84 0.25154 0.94 -0.08927 0.55 -0.8625 0.65 0.62149 0.75 -0.41504 0.85 0.23447 0.95 -0.074 0.56 -0.8365 0.66 0.59946 0.70 -039593 0.86 -0.21759 0.96 -0.05889 0.57 -0.81097 0.67 -0.57777 0.77 -0.37707 0.87 -0.20091 0.97 -0.04394 0.58 -0.78588 0.68 -0.55639 0.78 -0.35845 0.88 -0.18442 0.98 -0.02915 0.59 -0.76121 0.09 -0.53533 0.79 -0 34008 0.89 -0.10812 0.99 -0.0145 QUESTION 5 Will has just started a small company making special cakes for retirement parties. He just received a large order of five cakes from a local business. Will expects substantial productivity improvement in his work as he moves from the first cake in this order to the fifth cake. His current cost of making a cake is c(1) = 40 and he expects a leaming rate of LR -0.85. What will be his cost for all five cakes combined? (Your number should look like this: 432.10 for $432.10)

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