A/an ________ is a function that measures how labor-hours per unit decline as units of production increase because workers are learning and becoming better at their jobs.
A)learning curve
B)experience curve
C)variable-cost function
D)step cost function
E)nonlinear cost function

Question

Quizplus · Accepted Answer

The learning curve is a concept that describes how labor efficiency improves as workers gain experience, leading to a decrease in labor-hours per unit as production increases.

A/an ________ Is a Function That Measures How Labor-Hours Per