In both the computer memory chip industry and the Liberty ship program, unit costs declined:
A) about 50 percent per year.
B) about 10 percent with each new ship or chip produced.
C) about 20 percent with each doubling of output.
D) about 50 percent with each doubling of output.
Correct Answer:
Verified
Q23: Among the characteristics of technology is/are:
A) technological
Q24: The endogenous growth models based on equipment
Q25: The endogenous growth models based on equipment
Q26: Externalities:
A) are incidental by-products of some other
Q27: Evidence of learning-by-doing has been found in
Q29: A learning curve relates:
A) the costs of
Q30: When the learning-by-doing process is specified as
Q31: The learning-by-doing model:
A) exhibits increasing returns to
Q32: What comes first, basic scientific research or
Q33: Technological progress:
A) is similar no matter where
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