The abc corporation has purchased 50 pieces of a specially designed electronic component at $2,000 per unit. in the $2,000 selling price, $1,000 represents direct labor. instead of an 80% learning curve, the supplier believes that either a 85% or 90% learning curve will be more indicative of what will occur in the future (starting at unit 51). what would be the unit cost of labor for the next 350 units using a 85% learning curve and a 90% learning curve?

y = axb. y = cumulative average time per unit or batch. x = the cumulative units of production or, if in batches, the cumulative number of batches.

Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?