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Question: a new product needs 60 labor hours to complete the...

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A new product needs 60 labor hours to complete the build for the first unit. If production operates at a 80% learning curve rate, calculate the average labor hours (rounded to the closest hundredth hour, e.g. 34.47 hours) required per unit to produce six units. Note that after calculating the exponent “b” in Equation 2-5, round “b” to the fifth decimal place (e.g., -0.73468) and then use “b” in Equation 2-4.

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