Question: Consider a process that makes LED lamps. The process starts with a unit cost of $30 for the first unitthat is, c(1) = 30and has

Consider a process that makes LED lamps. The process starts with a unit cost of $30 for the first unit—that is, c(1) = 30—and has a learning rate of LR = 0.9. What will be the unit costs for the 64th unit?

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