If the learning curve for a production process is 80 percent, the time required to produce each unit is 80 percent of the time to produce the first unit.

Question

Quizplus · Accepted Answer

The learning curve concept implies that the time required to produce the second unit is 80 percent of the time it took to produce the first unit. As production continues, the time required to produce each subsequent unit decreases at a predetermined rate, but it does not mean that all units are produced at 80 percent of the time it took to produce the first unit.

If the Learning Curve for a Production Process Is 80