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QUESTION FIVE Assume that a certain process has an 80% learning curve effect and the first unit took 2000hrs to produce. Required: Use the

QUESTION FIVE Assume that a certain process has an 80% learning curve effect and the first unit took 2000hrs to produce. Required: Use the mathematical method to: a) Compute the number of hours required to produce the first 32 units (7 marks) b) Compute the number of hours required to produce 32nd unit. (4 marks) c) Assume that the wage rate is Kshs. 100 per hour, compute the Labor cost of producing the last 16 units (4 marks)

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