Question: Consider a process that makes high-end boards that get mounted on skateboards. The process starts with a unit cost of $19 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 $19 for the first unit, i.e., c(1) = 19, and has a learning rate of LR = 0.8. What will be the unit cost for the 148th unit?

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