Learning by doing suggests that:
A)greater experience increases efficiency.
B)greater experience increases production costs.
C)diminishing marginal productivity occurs more rapidly.
D)patents are more valuable.

Question

Quizplus · Accepted Answer

Learning by doing suggests that as individuals or organizations gain experience in a particular task or operation, they become more efficient at it, often leading to lower costs and higher productivity over time. This concept does not directly relate to increasing production costs, the rate of diminishing marginal productivity, or the value of patents.

Learning by Doing Suggests That