Learning curve theory states that performance of labor per unit will improve by a fixed percentage each time production doubles.

Name: Learning curve theory states that performance of labor per unit will improve by a fixed percentage each time production doubles.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

Learning curve theory suggests that as production doubles, the time or cost per unit decreases by a consistent percentage due to increased efficiency and experience.

Learning Curve Theory States That Performance of Labor Per Unit