LeAnn's Telecommunication firm long-run cost curve is: C(q) = 16
, where q is the number of units produced and A is the time in months that LeAnn's manager has spent on the job. What happens to production costs as the manager gains more experience on the job? Is this experience-effect common in production processes?

Question

LeAnn's Telecommunication firm long-run cost curve is: C(q) = 16  
, where q is the number of units produced and A is the time in months that LeAnn's manager has spent on the job. What happens to production costs as the manager gains more experience on the job? Is this experience-effect common in production processes?

Quizplus · Accepted Answer

The Answer of LeAnn's Telecommunication firm long-run cost curve is: C(q) = 16  
, where q is the number of units produced and A is the time in months that LeAnn's manager has spent on the job. What happens to production costs as the manager gains more experience on the job? Is this experience-effect common in production processes?

LeAnn's Telecommunication Firm Long-Run Cost Curve Is: C(q) = 16