The number of labor hours it takes to produce one unit of a particular product declines in a predictable manner as the number of units produced increases.Which of the following expresses this idea?
A) Learning curves
B) Economies of scope
C) Perceptual maps
D) Vector analysis

Question

The number of labor hours it takes to produce one unit of a particular product declines in a predictable manner as the number of units produced increases.Which of the following expresses this idea?
A) Learning curves
B) Economies of scope
C) Perceptual maps
D) Vector analysis

Quizplus · Accepted Answer

Learning curves were developed to express the idea that the number of labor hours it takes to produce one unit of a particular product declines in a predictable manner as the number of units produced increases.

The Number of Labor Hours It Takes to Produce One