The unit improvement factor for an 80 percent learning curve at 100 units is 0.2271. The first and second timings of a person doing a job are 40 minutes and 30 minutes, respectively. What is the learning-adjusted time estimate for unit number 40

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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answer/// equals both average variable cost and average total cost at their respective minimums;