The learning curve approach assumes a
A) linear cost function.
B) nonlinear cost function.
C) that each unit will take the same amount of time to produce.
D) regardless of training, production time per unit cannot be reduced.

Question

Quizplus · Accepted Answer

The learning curve approach assumes a nonlinear cost function, as it reflects the decrease in time or cost per unit with increased production due to learning and efficiency improvements.

The Learning Curve Approach Assumes a