Question
In: Accounting
S Company has been investigating the time taken to produce one of its products, and found...
- S Company has been investigating the time taken to produce one of its products, and found that a 90% learning curve appears to be applicable. The time taken for the first unit is 7 hours.
What is the total time taken in hours for units 5 to 8 only?
Solutions
Expert Solution
Note:- Under the learning curve, the average time per unit is decreased by learning rate for every double output.
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