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    A learning curve measures the decline in labor-hours per unit as workers become more familiar with their tasks through experience. An experience curve is a narrower application that measures the decline in cost per unit for various business functions like marketing as production increases. Both curves show that per-unit costs decrease with accumulated production experience as workers and businesses learn through repetition.

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    A learning curve measures the decline in labor-hours per unit as workers become more familiar with their tasks through experience. An experience curve is a narrower application that measures the decline in cost per unit for various business functions like marketing as production increases. Both curves show that per-unit costs decrease with accumulated production experience as workers and businesses learn through repetition.

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    4 views1 page

    Ab 20

    Uploaded by

    Spade X
    A learning curve measures the decline in labor-hours per unit as workers become more familiar with their tasks through experience. An experience curve is a narrower application that measures the decline in cost per unit for various business functions like marketing as production increases. Both curves show that per-unit costs decrease with accumulated production experience as workers and businesses learn through repetition.

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    of 1

    1.

    A learning curve is a function:


    a. that measures the decline in labor-hours per unit due to workers becoming
    better at a job
    b. that increases at a greater rate as workers become more familiar with their
    tasks
    c. where unit costs increase as productivity increases
    d. that is linear

    Answer: a Difficulty: 2 Objective: 6


    Terms to Learn: learning curve

    2. An experience curve:
    a. is a narrower application of the learning curve
    b. measures the decline in cost per unit as production decreases for various
    value-chain functions such as marketing as production increases
    c. only measures the decline in labor-hours per unit as units produced increases
    d. measures the increase in cost per unit as productivity increases

    Answer: b Difficulty: 2 Objective: 6


    Terms to Learn: experience curve

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