Question: Johnson Industries received a contract to develop high intensity transmitters for cell phone towers. Their first prototype cost $68985. They also estimated that their learning

Johnson Industries received a contract to develop high intensity transmitters for cell phone towers. Their first prototype cost $68985. They also estimated that their learning curve is 85%. Since this is experimental, they agreed to sell the next ten transmitters at cost to their client. How much should Johnson Industries charge their customers for their transmitters? Hint: Calculate the total cost for 2nd to 11th transmitter production.

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