A number of studies have observed that a product's __________ decline by some characteristic each time accumulated output doubles.
A) financing costs
B) production costs
C) marketing costs
D) R&D costs
E) distribution costs

Question

Quizplus · Accepted Answer

This observation is known as the learning curve effect, where production costs decline as accumulated output doubles due to increased efficiencies in the production process, improvements in technology, and experience gained by workers.

A Number of Studies Have Observed That a Product's __________