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Question 1 A new product is under development. The product will be manufactured in batches. The first batch is expected to take 2,000 labour hours

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Question 1 A new product is under development. The product will be manufactured in batches. The first batch is expected to take 2,000 labour hours to manufacture. There will be a 95% learning curve that will continue until 48 batches have been produced. Calculate the expected time required to produce the 48th batch of this new product

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