It Took 60 Hours to Make the First Unit of a Product

question 22

Multiple Choice

It took 60 hours to make the first unit of a product. After the second and third units were made, the learning curve was estimated to be 80%. At $10 per hour, estimate the labor bill for the fourth unit. (Use at least three decimals in the exponent if you use the logarithmic approach.)

• A) $400 or less
• B) from $400 to $420
• C) from $420 to $440
• D) from $1800 to $2000
• E) over $2000

---

Definitions:

Healthcare

An organized provision of medical care to individuals or a community, including prevention, diagnosis, and treatment of illnesses, injuries, and other physical and mental impairments.

Global Mediascape

The complex landscape of global media flows, including television, internet, and film, which shapes cultures and identities across borders.

Global Flow

The movement of goods, services, people, technology, and financial capital across borders, connecting distant regions of the world.

Military Hardware

Equipment, weaponry, and technological devices designed for use in warfare or defense operations by armed forces.