The learning curve is also referred to as the .
A)demand curve
B)experience curve
C)price elasticity curve
D)LRAC
E)break- even curve

Question

Quizplus · Accepted Answer

The learning curve, also known as the experience curve, is a graphical representation of the improvement in performance gained by an individual or organization as a result of experience. It shows that as experience is gained, there is a decrease in the amount of time and cost required to produce a specific output.

The Learning Curve Is Also Referred to as the