Hereford company is planning to introduce a new product with an 80 percent learning rate for production for batches of 1,000 units. the variable labor costs are $30 per unit for the first 1,000-unit batch. each batch requires 100 hours. there are $10,000 in fixed costs not subject to learning. what is the batch unit time (labor hours) to produce 2,000 units based on the cumulative average time learning curve

In a "dutch auction" for new stock, individual investors place bids for shares directly. each potential bidder indicates the price he or she is willing to pay and how many shares he or she will purchase at that price. the highest price that permits the company to sell all the shares it wants to sell is determined, and this is the "market clearing price." all bidders who specified this price or higher are allowed to purchase their shares at the market clearing price. true false