The Emerson Corporation, a manufacturer of airplane landing gear equipment, is trying to develop a learning curve model to help forecast labor costs for successive units of one of its products. From past data, the firm knows that labor costs of the 25th, 75th, and 125th units were $800, $600, and $500, respectively. Using the learning curve equation for these labor costs, log10C=3.30755−0.28724×log10Qlog10�=3.30755−0.28724×log10� What is the estimated cost of the 200th unit of output? $443 $467 $457 The model estimates that the labor cost for the 50th unit is $659.99. What is the approximate percentage of learning at Emerson? 69% 82% 96%
The Emerson Corporation, a manufacturer of airplane landing gear equipment, is trying to develop a learning curve model to help forecast labor costs for successive units of one of its products. From past data, the firm knows that labor costs of the 25th, 75th, and 125th units were $800, $600, and $500, respectively. Using the learning curve equation for these labor costs, log10C=3.30755−0.28724×log10Qlog10�=3.30755−0.28724×log10� What is the estimated cost of the 200th unit of output? $443 $467 $457 The model estimates that the labor cost for the 50th unit is $659.99. What is the approximate percentage of learning at Emerson? 69% 82% 96%
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The Emerson Corporation, a manufacturer of airplane landing gear equipment, is trying to develop a learning curve model to help forecast labor costs for successive units of one of its products. From past data, the firm knows that labor costs of the 25th, 75th, and 125th units were $800, $600, and $500, respectively. Using the learning curve equation for these labor costs,
log10C=3.30755−0.28724×log10Qlog10�=3.30755−0.28724×log10�
What is the estimated cost of the 200th unit of output?
$443
$467
$457
The model estimates that the labor cost for the 50th unit is $659.99. What is the approximate percentage of learning at Emerson?
69%
82%
96%
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