Which of the following statement is true of the learning curve?
A)It is simpler to calculate than a scale curve.
B)It is a tool that managers use to determine the emotional quotient of an employee.
C)It is the concept that labor costs per unit decrease with increases in volume due to learning.
D)It is a graphic representation of the relationship between cost per unit and scale of production.

Question

Quizplus · Accepted Answer

The learning curve concept refers to the idea that as workers gain experience, productivity increases and costs per unit decrease. This is due to workers becoming more efficient and effective in their work, as they are familiar with the processes involved. The learning curve is not related to emotional intelligence, and it is not a graphic representation of the relationship between cost per unit and scale of production. It can be more difficult to calculate accurately than a scale curve, as it involves analyzing data on worker productivity and cost over time.

Which of the Following Statement Is True of the Learning