18 years ago a certain part cost 325 the cost index was 244, Ask an Expert

Economics

18 years ago, a certain part cost $325. The cost index was 244 and now the index is 329. What cost below is closest to the estimated current cost for the item?

$217

$366

$438

$241

Item number 16 took 190 minutes to make. If the learning curve rate is 90%, how long did the first item take, under the learning curve model? (Choose the closest answer)

290 mins

442 mins

125 mins

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91371034

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