ESTIMATING PRICES USING LEARNING RATES

A buyer has placed an order with a supplier for $100$ pieces at a per$-$unit price of $$281$

and has collected the following cost data:

Total per unit $$281$

The buyer now wants to place an order for an additional $700$ pieces.

Assignment Questions

What do you estimate the buyer should pay per unit for the next $700$ pieces assuming the supplier demonstrates a $75\%$ learning curve? What if the learning rate is actually $85\%?$ What do you estimate is the per unit cost of the next $700$ pieces?

Please show all work.