1 it cost a contractor 9765 to manufacture their first unit

Question

1. It cost a contractor $9,765 to manufacture their first unit. The company expects to experience an 82% unit learning curve. Estimate the cost of the 7th unit. (Round intermediate calculations to 4 decimal places)

Possible answers:

1. $ 7,615
2. $ 8,593
3. $ 6,821
4. $ 5,594

2. Given the following information, determine the equation for the unit formulation. (Round intermediate calculations to 4 decimal places)

Unit Number (X)	Unit Cost (Y) $
1	800.00
2	568.00
3	464.88
4	403.28

Possible answers:

1. Y = (800)(X) ^-0.4941
2. Y = (800)(X) ^-0.1047
3. Y = (800)(X) ^0.6931
4. Y = (800)(X) ^0.9300