Consider the preparation of income tax statements

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Consider the preparation of income tax statements. The process starts with an initial cost c(1) = 45, a learning rate of LR = 0.95, and by now has reached a cumulative output of 100. (Round your answer to 4 decimal places.) Without using the LCC method, what do you expect production costs to be for the 100th unit? unit cost.

Reference no: EM131485989

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