Given the information below, what is the time required to produce the 500th unit?

(Use the formula: Tn=T1nb)

The learning curve is 90%

The labor rate is $15 an hour

It takes 485 hours of labor to produce the first unit

a) 188.58

b) 195.31

c) 259.86

d) 301.10

e) 0

What is the percent of labor cost savings?

a) 37.92%

b) 46.42%

c) 59.73%

d) 38.88%

e) 61.12%