Which of the following statements is TRUE about the learning curve?
A) The curve decreases at an increasing rate.
B) The learning effect will eventually disappear as the number of units produced increases.
C) Failure to recognize learning curve effects will cause units produced later in a new production process to receive less cost than they should.
D) All of these.

Question

Quizplus · Accepted Answer

The learning effect diminishes as production increases, meaning that the rate of improvement slows down, but it doesn't completely disappear.

Which of the Following Statements Is TRUE About the Learning