If a learning curve is represented by C=aQ^b, then b0.

Question

If a learning curve is represented by C=aQ^b, then b>0.

Quizplus · Accepted Answer

In the context of learning curves, a positive value of $b$ (i.e., $b > 0$) typically indicates that costs decrease as the quantity of production increases, due to efficiencies gained through learning and experience. However, the equation provided does not clearly represent a standard learning curve formula, and without specific context, the statement about $b > 0$ cannot be definitively associated with cost reduction or the nature of the learning curve.

If a Learning Curve Is Represented by C=aQb, Then B>0

If a Learning Curve Is Represented by C=aQ^b, Then B>0