Question: Calculate a future cost given a learning rate The initial cost to produce a widget is estimated to be $150. The learning rate has been

Calculate a future cost given a learning rate

The initial cost to produce a widget is estimated to be $150. The learning rate has been calculated to be 92%.

Calculate the cost of the 128^th unit using the basic theory proposed by Wright that every time production doubles, the time required (cost) will decrease by the learning rate.

Calculate the cost of the 128^th unit using the Wright equation.

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