Learning curves mean
A)you learn from experience
B)current production decreases future unit costs
C)production today leads to lower costs in the future
D)All of the above

Question

Learning curves mean​
A)​you learn from experience
B)current production decreases future unit costs
C)production today leads to lower costs in the future
D)​All of the above

Quizplus · Accepted Answer

Learning curves exhibit that as production increases, costs decrease due to experience, improvement in the production process, and economies of scale. This leads to lower unit costs and a significant decrease in the cost of production over time. Therefore, all of the above choices are correct.

Learning Curves Mean​

Learning Curves Mean