Assignment:
Central Electronics Corp. produces semiconductors and has a learning curve of .7. The price per bit is 100 millicents when the volume is .7 × 10 12 bits. What is the expected price at 1.4 × 10 12 bits? What is the expected price at 89.6 × 10 12 bits?
Provide complete and step by step solution for the question and show calculations and use formulas.