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A staff assistant at Lincoln Corporation recently determined that the first four units completed in a new manufacturing process took 2000 hours to complete or an average of 500 hours per unit. The assistant also found that when the cumulative output produced doubles, the average labor time declines by 10%. On the basis of this information, how many total hours would Lincoln use if it produces 16 units.

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A staff assistant at Lincoln Corporation recently determined that the first four units completed in a new manufacturing process took 2000 hours to complete or an average of 500 hours per unit. The assistant also found that when the ...

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