If 150 labor hours were required to produce the 1st unit in a production run and 40 labor hours were required to produce the 7th unit, what was the learning curve rate during production?

Managerial Economics: A Problem Solving Approach
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ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter7: Economies Of Scale And Scope
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If 150 labor hours were required to produce the 1st unit in a production run and 40 labor hours were required to produce the 7th unit, what was the learning curve rate during production?

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