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 the above.

Question

Quizplus · Accepted Answer

The term learning curve refers 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. Therefore, option A is the correct choice.

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