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The Emerson Corporation, a manufacturer of airplane landing gear equipment, is trying to develop a learning curve model to help forecast labor costs for successive
The Emerson Corporation, a manufacturer of airplane landing gear equipment, is trying to develop a learning curve model to help forecast labor costs for successive units of one of its products. From past data, the firm knows that labor costs of the thth and th units were $ $ and $ respectively. Using the learning curve equation for these labor costs, logCtimes logQlogCtimes logQ What is the estimated cost of the th unit of output? $ $ $ The model estimates that the labor cost for the th unit is $ What is the approximate percentage of learning at Emerson?
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