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    Interpreting the equation of unit formulation

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    Given the following unit learning curve equation, which statement is correct?

    Y = 118(X)-0.286304

    A) X represents the unit you are estimating
    B) 118 represents the unit you are estimating
    C) The slope equals 1 - 0.286304 = .7137 or 71.37%
    D) Y represents the cost of the first unit

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    https://brainmass.com/business/strategy-and-business-analysis/interpreting-the-equation-of-unit-formulation-495137

    Solution Preview

    In the given equation

    118 represents the cost of first unit.
    Y ...

    Solution Summary

    Solution interprets the given equation of unit formulation.

    $2.19