The Experience Curve Concept

The experience curve concept

A) is a result of a combination of learning effects and economies of scale.
B) is a result of a combination of learning effects and economies of scale and suggests that unit manufacturing costs decline by a certain amount each time output is doubled.
C) suggests that achieving low costs allows a firm to charge a premium price.
D) is most important for specialized or customized production.
E) suggests that unit manufacturing costs decline by a certain amount each time output is doubled.