Multiple Choice
A company can produce a small lot of products the first time at a cost of $3,000. If their 65 percent learning curve allows them to reduce their costs on each lot, what is the cost of producing the 12th lot?
A) $14,340
B) $3,000
C) $2,896
D) $640.50
E) $213.50
Correct Answer:
Verified
Correct Answer:
Verified
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