Under learning curve theory, with a learning rate of 70 percent, the:
A) time to produce the second unit will be 70 percent less than the time to produce the first unit.
B) time to produce the second unit will be 30 percent less than the time to produce the first unit.
C) cumulative average time per unit after producing the first 100 units will be 70 percent less than the average time per unit of the first 50 units.
D) average time per unit will be cut in half for every 70 units.
B
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Which of the following organizations is a loan purchaser in the secondary market?
A. Freddie Mac. B. Mortgage companies. C. Commercial banks. D. Federal Housing Administration (FHA).