Market Products, Inc., has found that new products follow a learning curve. The first two units have been completed with the following results:
$\begin{array}{|c|c|}
\hline \text { Units Produced } & \text { Marginal Labor Time } \
\hline 1 & 250.00 \
\hline2 & 225 \
\hline
\end{array}$

Required:
(a.) How much time will be needed to complete the 4th unit?
(b.) How much time will be needed to complete the 8th unit?
(c.) How much time will be needed to complete the 16th unit?

Question

Market Products, Inc., has found that new products follow a learning curve. The first two units have been completed with the following results:
 $\begin{array}{|c|c|}
\hline \text { Units Produced } & \text { Marginal Labor Time } \
\hline 1 & 250.00 \
\hline2 & 225  \
\hline
\end{array}$
 
Required:
(a.) How much time will be needed to complete the 4th unit?
(b.) How much time will be needed to complete the 8th unit?
(c.) How much time will be needed to complete the 16th unit?

Quizplus · Accepted Answer

The Answer of Market Products, Inc., has found that new products follow a learning curve. The first two units have been completed with the following results:
 $\begin{array}{|c|c|}
\hline \text { Units Produced } & \text { Marginal Labor Time } \
\hline 1 & 250.00 \
\hline2 & 225  \
\hline
\end{array}$
 
Required:
(a.) How much time will be needed to complete the 4th unit?
(b.) How much time will be needed to complete the 8th unit?
(c.) How much time will be needed to complete the 16th unit?

Market Products, Inc Units Produced Marginal Labor Time 1250.002225\begin{array}{|c|c|}\hline \text { Units Produced } & \text { Marginal Labor Time } \\\hline 1 & 250.00 \\\hline2 & 225 \\\hline\end{array} Units Produced 12​ Marginal Labor Time 250.00225​​

Market Products, Inc $\begin{array}{|c|c|}\hline \text { Units Produced } & \text { Marginal Labor Time } \\\hline 1 & 250.00 \\\hline2 & 225 \\\hline\end{array}$