You are a consultant specializing in estimating the costs after the employees learn how to do a job more efficiently by repetition. Your client can produce a product the first time at a cost of $2,500. If their 65 percent learning curve allows them to reduce their costs on each product, what is the total cost of producing 400 units of the new product?
A. $100,000
B. $45,765
C. $58,600
D. $78,900
E. $37,850
Answer: C
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