What are the labor cost for the whole production units


Problem

Energy Inc. a clean energy equipment manu facturer is rosp pr Fro duce 1O units or 2.0 MW wind turbine for a new wind farm. m previous projects they assembled the following data.

The learning curve rate tor labor is 85%.
Steady state manufacturing will be reached after the 4m unit.
The steady state production rate per unit is 100 hours with 15 workers per unit.
The average labor rate with benefits is $ 25 per hour.

1. Calculate the labor cost for the 3rd unit.
2. What are the labor cost for the whole production units?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What are the labor cost for the whole production units
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