The experience curve shows that there is generally an increase in unit costs as the total number of units increases over time.

Name: The experience curve shows that there is generally an increase in unit costs as the total number of units increases over time.
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Question

Quizplus · Accepted Answer

The experience curve suggests that unit costs typically decrease as the total number of units produced increases, due to factors like improved efficiency and learning.

The Experience Curve Shows That There Is Generally an Increase