Experience curve efficiencies are the per-unit savings gained from the repeated production of the same product.

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Experience curve efficiencies are also known as learning curve efficiencies and refer to the cost savings gained through the repetition of a specific task or production of a product. As the production volume increases, the per-unit cost decreases due to the experience gained by the workers and the optimization of processes. This results in improved productivity, higher quality of products, and reduced costs.

Experience Curve Efficiencies Are the Per-Unit Savings Gained from the Repeated