According to the text,which industry would have the greatest reduction in unit costs based on its experience curve rate?
A) personal computer
B) microprocessor
C) automobile
D) airline

Question

Quizplus · Accepted Answer

The microprocessor industry, known for rapid technological advancements and efficiency improvements, typically has a steep experience curve. This means that for each doubling of cumulative production, the industry sees significant reductions in unit costs, more so than industries like personal computers, automobiles, or airlines, which may have less steep experience curves due to slower rates of innovation or higher fixed costs.

According to the Text,which Industry Would Have the Greatest Reduction