Suad Alwan, the purchasing agent for Dubai Airlines, is interested in determining what he can expect to pay for airplane number 4 if the third plane took 20,000 hours to produce. What would Alwan expect to pay for plane number 5? Number 6? Use an 85% learning curve and a $40-per-hour labor charge.

Alwan expect to pay for airplane 4= $747818.48

Explanation:

given data

expect to pay airplane =  4

3rd plane produce = 20,000 hours

learning curve = 85%

solution

As here logarithmic approach allow get labor for any unit, TN,  as

TN = T1(Nb)

here TN is time for the Nth unit  and T1 is hours to produce the first unit  

so

b  = (log of the learning rate) ÷ (log 2) = slope of the learning curve

so

T3 = T1(3log(0.85)÷log2)

so we get

So Alwan expect to pay for airplane 4 = $747818.48

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answer; the cpi;