A learning curve is a function that measures how labour-hours per unit decrease, as units of production increase.

Question

Quizplus · Accepted Answer

This is the definition of a learning curve. It shows the relationship between experience and efficiency in terms of labour-hours per unit. As workers become more experienced, they typically become more efficient and require fewer labour-hours per unit of output. This can result in cost savings for the company, as well as improved productivity and quality of output.

A Learning Curve Is a Function That Measures How Labour-Hours