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Suppose you have a production technology that can be charactenzed by a learning curve. Every time you increase production by ane unit, your marginal cost
Suppose you have a production technology that can be charactenzed by a learning curve. Every time you increase production by ane unit, your marginal cost decreases by 54 . There are no fixed cocts, and the first unit costs you 562 to produce. Use the grven information to fill in the marginal cost of each unit, as well as the total cost and average cost of each level of output. Suppose you roceive a request for proposal (RFP) on a project for three units. Your breakeven price for thece inits is Suppose that if you get the conitract, you estimate that you can win another project for two more units. The break even phice for those nest two unats alone is
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