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Assume the experience curve is AVC(N)=10N, find the experience elasticity. (Hint: the experience elasticity is defined as the percentage change in average variable cost AVC

Assume the experience curve is AVC(N)=10N"", find the experience elasticity. (Hint: the experience elasticity is defined as the percentage change in average variable cost AVC for every 1 A10N~05 15 I S5N*) percent increase in cumulative volume N

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