The learning curve rate is:
A) the percentage of time it will take to make each unit when the production rate doubles.
B) the log-log of the annual rate change divided by the average unit cost.
C) always based on constant value dollars.
D) only considered valid after one year of data is accumulated.
E) equal to at least 75%.

Question

Quizplus · Accepted Answer

The learning curve rate refers to the rate at which the time to produce each additional unit decreases as the total number of units produced doubles. It is a reflection of increased efficiency and productivity over time as experience is gained.

The Learning Curve Rate Is