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A company implements a new process to manufacture its product and spends $400 on labor to produce one batch. It expects that the new process
A company implements a new process to manufacture its product and spends $400 on labor to produce one batch. It expects that the new process will be subject to a 70% learning curve. If the company assumes the learning curve will follow the cumulative averagetime learning model, what will be the total labor cost to produce 200 units if each batch is 100 units?
Group of answer choices
$560
$160
$680
$280
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