1. Rose is a project manager at the civil engineering consulting firm. She has been collecting data on a project in which concrete pillars were being constructed; however not all the data are available. She has been able to find out that the 10th pillar required 300 person-hours to construct and that a 70% learning curve applied. She is interested in calculating the time required to construct the 1st and 20th pillars. Compute the values for her.

1. Rose is a project manager at the civil engineering consulting firm. She has been collecting data on a project in which concrete pillars were being constructed; however not all the data are available. She has been able to find out that the 10th pillar required 300 person-hours to construct and that a 70% learning curve applied. She is interested in calculating the time required to construct the 1st and 20th pillars. Compute the values for her.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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