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You won a contract for 25 F-35 aircraft assemblies based on an estimate of 25,000 hours on assembly unit 1 and a learning curve of

You won a contract for 25 F-35 aircraft assemblies based on an estimate of 25,000 hours on assembly unit 1 and a learning curve of 85%.

1. If the 100th Humvee cost $70,000, what did unit one cost on an 87% learning curve?

2. What is the slope of the learning curve when the s exponent is -.074?

3. If the first Tommachop missile costs $ 127, 500 and you are on a 91% learning curve, which unit would cost $78,600?

4. You estimate that the first modified Harm AGM-88E guidance system will cost 1000 hours to manufacture. Historically you have been able to produce units following a 90% learning curve. How many hours would be required to produce the first five units?

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