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A firm is preparing a bid on a city service contract for 80 shifts of a cleaning service. The operations manager estimates the time required for the first two shifts to be 17.8 hours and 15.1 hours respectively. What is the appropriate learning curve?
Fixed Costs
Costs that do not change with the volume of production or sales, such as rent, salaries, and insurance premiums.
Business Plan
A formal document detailing the goals, strategy, market, and financial projections for a business's operations.
Operating Income
The profit realized from a business's core operations, excluding deductions of interest and taxes.
Variable Cost
A cost that changes in proportion to the level of activity or volume of output in a business.
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