The learning curve is graphically represented as a plot of:
A)labor per unit on the horizontal axis and total cost on the vertical axis.
B)labor per unit on the horizontal axis and total number of units produced on the vertical axis.
C)total cost on the vertical axis and total number of units produced on the horizontal axis.
D)labor per unit on the vertical axis and total number of units produced on the horizontal axis.

Question

Quizplus · Accepted Answer

The learning curve is a plot of labor per unit (usually measured as time) on the vertical axis and the total number of units produced on the horizontal axis. This shows how productivity improves over time as workers become more proficient with the task at hand. The plot may be used to forecast future costs and output based on knowledge gained from past experience. The total cost incurred in producing the units is not directly represented on the plot.

The Learning Curve Is Graphically Represented as a Plot Of