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 20th lot?
A) $60,000
B) $18,585
C) $1,950
D) $466.20
E) $155.40
Correct Answer:
Verified
Correct Answer:
Verified
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