Question: Recall that costs are often reported by lot , rather than by individual units . Given the following lot cost data, calculate a unit theory

Recall that costs are often reported by lot, rather than by individual units. Given the following lot costdata, calculate a unit theory learning curve equation. What is the slope? What is the theoretical first unit cost (T1)?

Lot No Units Cost ($k)
1 1-5 651.7
2 6-10 488.8
3 11-20 860.0
4 21-30 751.5
5 31-40 699.5
6 41-50 670.3

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