After 2 years of operation,the workers in XYZ Co.become more adept because of their repeating work.As a result,the average cost of production is lowered due to
A)economies of scale.
B)increasing returns to scale.
C)increasing marginal returns.
D)learning by doing.

Question

Quizplus · Accepted Answer

The phrase "workers in XYZ Co. become more adept because of their repeating work" suggests that they are learning by doing, a concept commonly used in economics. This means that as workers repeat the same task, they become better at it, which leads to greater efficiency and productivity. This process is associated with decreasing average costs and is referred to as learning by doing. Therefore, the best choice is D - learning by doing.

After 2 Years of Operation,the Workers in XYZ Co