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) skimming cost
D) penetration cost
E) marginal utility

Question

Quizplus · Accepted Answer

The experience curve is a phenomenon observed in manufacturing where as workers become more experienced and familiar with the production equipment, the average cost per unit decreases. This relationship is due to factors such as increased efficiency, reduced waste, and improved production techniques. The other options listed are not directly related to this concept.

As Production Workers Become Better Organized and More Familiar with Equipment