You Are a Consultant Specializing in Estimating the Costs After

question 38

Multiple Choice

You are a consultant specializing in estimating the costs after the employees learn how to do a job more efficiently by repetition.Your client can produce a product the first time at a cost of $2,500.If their 65 percent Learning Curve allows them to reduce their costs on each product,what is the total cost of producing 400 units of the new product?

• A)$100,000
• B)$78,900
• C)$58,600
• D)$45,765
• E)$37,850

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Definitions:

Inexhaustible Resources

Natural resources that are unlimited in supply and cannot be depleted, such as solar and wind energy.

Colonists

Individuals or groups who settle in a new territory but remain subjects or citizens of their country of origin, often involved in the historical context of expansion and empire-building.

Continent

One of the very large landmasses on the earth's surface, typically separated by oceans.

Land Ethics

A philosophy that stresses the interdependence between humans and the land, promoting the responsible use and conservation of natural resources.