_____ indicates whether a seller can lower its cost as a result of the repetitive production of an item.

Question

Quizplus · Accepted Answer

Learning-curve analysis is used to determine if a seller can lower its cost per unit as a result of the repetitive production of an item. This analysis examines the experience curve, which shows the relationship between the number of units produced and the cost per unit. As the number of units produced increases, the cost per unit decreases due to the learning and experience gained by workers and the optimization of production processes.

_____ Indicates Whether a Seller Can Lower Its Cost as a Result