Economies of scale and the learning curve have opposite effects on capacity.

Name: Economies of scale and the learning curve have opposite effects on capacity.
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Question

Quizplus · Accepted Answer

Economies of scale and the learning curve both lead to reduced costs per unit as production volume increases. Economies of scale achieve this through increased efficiency in production as scale expands, while the learning curve does so by improving worker skills and process efficiency over time with increased experience.

Economies of Scale and the Learning Curve Have Opposite Effects