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Regression Analysis

Unit Labor
100 1250
300 1000
600 850

log C = 3.52663 - .2413 Log Q

I. Learning % for cost of labor

II. Estimated labor costs for 800, 900 and 1000th unit based on learning curve

Solution Preview

(I) As Q increases by 10 units, the labor cost decreases by e^0.2413 = ...

$2.19