A small manufacturer builds wooden pleasure boats in a craftsman manner by traditional labor-intensive methods. The first boat is estimated to take 1,000 hours of skilled labor, which costs $40 per hour. They currently have five workers that can work 2,000 hours a year. They assume that there is an 80% learning curve. How many boats can they build in their first year?

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The Answer of A small manufacturer builds wooden pleasure boats in a craftsman manner by traditional labor-intensive methods. The first boat is estimated to take 1,000 hours of skilled labor, which costs $40 per hour. They currently have five workers that can work 2,000 hours a year. They assume that there is an 80% learning curve. How many boats can they build in their first year?

A Small Manufacturer Builds Wooden Pleasure Boats in a Craftsman