Each time the output doubles,the worker hours per unit decrease to a fixed percentage of their previous value.That percentage is called the __________ rate.
A)inflation
B)hurdle
C)interest
D)learning

Question

Quizplus · Accepted Answer

The given scenario is describing the Learning Curve effect where as the output doubles, the time taken to produce each unit decreases by a fixed percentage known as learning rate. Hence, option D - Learning is the correct answer.

Each Time the Output Doubles,the Worker Hours Per Unit Decrease