QUESTION 1 Ch 6 #4 Consider a process that makes high-end boards that get mounted on skateboards. The process starts with a unit cost of $20 for the first unit -- that is e(t) = 20 - and has a learning rate LR = 0.95. What will be the unit cost for the 128th unit? (Your number should look like this: 432,10 for $432.10) You may want to use the formula LOG-2 (below). How many times do you double the cumulative output to get from 1 to 128 units? Key Formulas L06-2 Determine the unit cost of a process given a learning rate and an experience level c(After doubling cumulative output n times) = c(1) X LR" c(N) = c(1) X LR0231 QUESTION 2 Ch 6 #5 Consider a process restringing tennis rackets. The process starts with a unit cost of $10 for the first unit -- that is, e(t) = 10 -- and a learning rate of LR=0.90. What will be the unit cost for the 35th unit? (Your number should look like this: 432.10 for $432.10) You may want to use the formula L06-2 (above). Remember that I(N) is the natural log of N. QUESTION 3 Consider the preparation of income tax statements. The process starts with and initial cost of C(1) 45 and a learning rate of LR=0.95, and by now has reached a cumulative output of 100. Using the LCC method, what unit cost do you expect for the 100th unit? (Your number should look like this: 432.10 for $432.10)