Question: Consider a process that makes high-end boards that get mounted on skateboards. The process starts with a unit cost of $18 for the first unit,

Consider a process that makes high-end boards that get mounted on skateboards. The process starts with a unit cost of $18 for the first unit, i.e., c(1) = 18, and has a learning rate of LR = 0.94. What will be the unit cost for the 118th unit? Note: Round your answer in 5 decimal places. Unit cost

Consider a process that makes high-end boards that get mounted on skateboards. The process starts with a unit cost of $18 for the first unit, i.e., q(1)=18, and has a learning rate of LR=0.94. What will be the unit cost for the 118th unit? Note: Round your answer in 5 decimal places

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