Which one of the following statements about learning curves is TRUE?
A) A learning curve assumes that the direct labor requirements per unit will DECREASE at an INCREASING rate as cumulative production increases.
B) A larger learning curve rate implies faster (greater) learning.
C) A learning curve graph usually follows a negative exponential curve.
D) Learning curves can be used only for individuals, not for the whole organization.
E) The formula describing the learning curve principle of doubling is computed differently when computing unit cost as opposed to unit time.

Question

Quizplus · Accepted Answer

A learning curve graph typically follows a negative exponential curve, indicating that as production increases, the time or cost per unit decreases at a decreasing rate.

Which One of the Following Statements About Learning Curves Is