A learning curve relates:
A) the costs of production to the education of the labor force.
B) the amount of knowledge acquired with additional years of schooling.
C) salaries to the amount of schooling.
D) per unit costs of production of a certain product to its cumulative production.

Question

Quizplus · Accepted Answer

A learning curve shows how the per unit costs of production of a certain product decrease as the cumulative production of that product increases. It is not related to education, salaries or knowledge acquired with additional schooling.

A Learning Curve Relates