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Applying the Cumulative Average Time Learning Curve Propeller Inc. plans to manufacture a newly designed high - technology propeller for airplanes. Propeller forecasts that as

Applying the Cumulative Average Time Learning Curve
Propeller Inc. plans to manufacture a newly designed high-technology propeller for airplanes. Propeller forecasts that as workers gain experience, they will need less time to complete the job. Based on prior
experience, Propeller estimates a 70% cumulative average time learning curve and has projected the following costs.
a. If Propeller manufactures four propellers, what would the total manufacturing costs be?
b. If Propeller manufactures eight propellers, what would the total manufacturing costs be?
c. Calculate the cumulative average cost of producing the eighth propeller as a percentage of the cost
of producing the first propeller.
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