________ refer(s) to systematic reductions in production costs that have been observed to occur over the life of a product.
A) Experience curve
B) Economies of scale
C) Location economies
D) Production possibility

Question

Quizplus · Accepted Answer

The experience curve refers to systematic reductions in production costs that have been observed to occur over the life of a product.

________ Refer(s) to Systematic Reductions in Production Costs That Have