As a ﬁrm continues to gain from the learning effect, the learning curve is _____.
A) upward sloping
B) downward sloping
C) vertical
D) horizontal

Name: As a ﬁrm continues to gain from the learning effect, the learning curve is _____. A) upward sloping B) downward sloping C) vertical D) horizontal
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Question

Quizplus · Accepted Answer

The learning curve is downward sloping because as a firm gains more experience, it becomes more efficient, leading to lower costs per unit over time.

As a ﬁRm Continues to Gain from the Learning Effect