Dr. J. Smith teaching microeconomics. In her first year of teaching, it took her 6 class sessions to cover the first 8 chapters of the text. With a "learning rate", r, of 85%, how many class sessions will it take Dr. Smith to cover the first 8 chapters after 5 years of teaching (so N = 5)? 6 class sessions 5.1 class sessions 4.11 class sessions 1.02 class sessions

Managerial Economics: A Problem Solving Approach
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ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter7: Economies Of Scale And Scope
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This is a better learning curve question that follows my Lecture 2e material much
more closely.
Dr. J. Smith teaching microeconomics. In her first year of teaching, it took her 6
class sessions to cover the first 8 chapters of the text. With a "learning rate", r, of
85%, how many class sessions will it take Dr. Smith to cover the first 8 chapters
after 5 years of teaching (so N = 5)?
6 class sessions
5.1 class sessions
4.11 class sessions
1.02 class sessions
Transcribed Image Text:This is a better learning curve question that follows my Lecture 2e material much more closely. Dr. J. Smith teaching microeconomics. In her first year of teaching, it took her 6 class sessions to cover the first 8 chapters of the text. With a "learning rate", r, of 85%, how many class sessions will it take Dr. Smith to cover the first 8 chapters after 5 years of teaching (so N = 5)? 6 class sessions 5.1 class sessions 4.11 class sessions 1.02 class sessions
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