What is total cost of producing five lots

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Q. A company can produce a small lot of products first time at a cost of $2,000. If their 85 percent learning curve allows them to reduce their costs on each lot, what is total cost of producing 5 lots?

Reference no: EM1379755

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What is total cost of producing five lots : A company can produce a small lot of products first time at a cost of $2,000. If their 85 percent learning curve allows them to reduce their costs on each lot, what is total cost of producing 5 lots.

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