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Please need clear work with calculations please thank you... Suppose you audit your records and find that the average cost of producing the first 50

Please need clear work with calculations please thank you...

Suppose you audit your records and find that the average cost of producing the first 50 units of a machine was $1000 and the average cost of producing the first 100 units was $800. What is the value of b (the coefficient used in experience curve calculations)

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The value of b is -4 (which... View the full answer

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