Hawkins Products,Inc.,has found that new products follow a learning curve.The first two units have been completed with the following results: How much time will be needed to complete the 8^th unit? A)74.00 hours B)57.80 hours C)56.00 hours D)49.13 hours

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Quizplus · Accepted Answer

The learning curve effect implies that as more units are produced, the time taken per unit decreases at a consistent rate. Given the first two units' completion times, the 8th unit's time can be calculated using the learning curve formula, which results in approximately 49.13 hours.