"Learning by doing" has the effect of causing:
A)a movement down the LRAC curve.
B)a movement up the LRAC curve.
C)the LRAC curve to shift up.
D)the LRAC curve to shift down.

Name: "Learning by doing" has the effect of causing: A)a movement down the LRAC curve. B)a movement up the LRAC curve. C)the LRAC curve to shift up. D)the LRAC curve to shift down.
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Question

Quizplus · Accepted Answer

Learning by doing typically leads to greater efficiency and cost savings, which would cause the LRAC curve to shift down.

"Learning by Doing" Has the Effect of Causing