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Consider again the preparation of income tax statements. The process starts with an initial cost c(1) = 45 and a learning rate of LR =
Consider again the preparation of income tax statements. The process starts with an initial cost c(1) = 45 and a learning rate of LR = 0.95, and by now has reached a cumulative output of 100. Without using the LCC method, what do you expect production costs to be for the 100th unit
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