What is Wright’s Law? Pioneered by Theodore Wright in 1936, Wright’s Law aims to provide a reliable framework for forecasting cost declines as a function of cumulative production. Specifically, it states that for every cumulative doubling of units produced, costs will fall by a constant percentage. Wright’s Law Formula Y = cumulative average time (or cost) per unit X = cumulative number of units produced a = time (or cost) required to produce 1st unit b = slope of the function What is the difference between Wright’s Law and Moore’s Law?Moore’s Law – named after Gordon Moore for his work...