A company has decided to bid on a follow-on contract for, Ask an Expert

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A company has decided to bid on a follow-on contract for 500 units of a product. The company has already produced 2,000 units on a 75 percent learning curve. The 2000th unit requires 80 hours of production time. If a fully burdened hour is $80 and the company wishes to generate a 12 percent profit, how much should be bid?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91901481

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