Learning by doing is represented by
A) a decrease in the average total cost curve.
B) an increase in the average total cost curve.
C) no change in the average total cost curve.
D) an increase in the average total cost curve and a decrease in the marginal cost curve.

Question

Quizplus · Accepted Answer

Learning by doing typically results in a decrease in the average total cost curve as workers become more efficient and processes are improved over time, leading to lower costs per unit of output.

Learning by Doing Is Represented by