As production workers become better organized and more familiar with equipment,the average cost per unit decreases.This is called the ________.
A) demand curve
B) experience curve
C) short-run average cost curve
D) long-run average cost curve
E) marginal utility

Question

Quizplus · Accepted Answer

The experience curve refers to a decrease in average cost per unit as production workers become better organized and equipment is used more efficiently over time. The other options are not relevant to this concept.

As Production Workers Become Better Organized and More Familiar with Equipment,the