Exercise (1): Given LR-85% T-1-120hrs Labor cost = 17$ per hour If the company policy is to charge the customer 3 times the Labor cost 1- Find average price per Unit for the first 10 units Using Learning Curve Table. 2- Find average price per Unit for two cases: (a) the first 10 unites if LR-70% and (b) the first 5 unites if LR-90%. Give your comment on your answer. Exercise (2): Use Double No. of Units Method. Given 7-1-120hrs Labor cost 17$ per hour Draw the learning curves for different values of LR: LR-70%, 80% and 90% to produce a max. no. of units 32 Units. Which curve is the best one? Use Matlab in plotting your curves Exercise (3): Use LR Formula We want to produce 20 Units. LR-80% T_1=400hrs 1- How much is the production time for the 20th Unit? 2- What will be the cumulative production time? 3- What is the average production time?