Cost savings that come from learning by doing are known as
A) learning curves.
B) economies of scale.
C) learning effects.
D) experience curves.

Name: Cost savings that come from learning by doing are known as A) learning curves. B) economies of scale. C) learning effects. D) experience curves.
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Question

Quizplus · Accepted Answer

Learning effects refer to cost savings that come from learning by doing. Labor, for example, learns by repetition how to carry out a task, such as assembling airframes, most efficiently.

Cost Savings That Come from Learning by Doing Are Known