Historically, the term _____ applies to the reduced direct-labor requirement per unit of output because of the effects of learning, while the term _____ refers to the longer-term factors of production that systematically reduce production costs.
A)learning curve….experience curve
B)learning curve….infinity curve
C)experience curve….Boeing curve
D)experience curve….learning curve
E)None of these answers.

Question

Quizplus · Accepted Answer

The term learning curve applies to the reduced direct-labor requirement per unit of output because of the effects of learning, while the term experience curve refers to the longer-term factors of production that systematically reduce production costs.

Historically, the Term _____ Applies to the Reduced Direct-Labor Requirement