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It took 200 labor hrs to produce 1st unit, and 60 labor hrs to produce 7th unit. Whati s the learning curve during production?

I tried doing the following, but I do not understand...

60=200x7^b

how do I solve using logs? If this is even the case...

2007-09-12 06:04:26 · 1 answers · asked by Yahoo! Answers Guest Member 1 in Social Science Economics

1 answers

60/200=7^b
log(60/200)=log(7^b)=b log(7)
so b=log(60/200)/log(7)

2007-09-12 09:01:19 · answer #1 · answered by meg 7 · 0 0

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