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A firm has determined from past experience that the learning curve for a new electronic component has the form learned in class C- a Qb
A firm has determined from past experience that the learning curve for a new electronic component has the form learned in class C- a Qb where b= -0.05. What is the predicted short-run average variable cost after 12,000 units of a new product have been produced? The beginning short-run average total cost of the product is expected to be $400
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