A/an ________ is a function that measures the decline in cost per unit in various business functions of the value chain as the amount of activities increase.
A)learning curve
B)experience curve
C)variable-cost function
D)step cost function
E)nonlinear cost function

Question

Quizplus · Accepted Answer

The given function is describing the concept of an experience curve, which measures the decline in cost per unit as the amount of activities increase. A learning curve describes the phenomenon of increased efficiency and decreased cost per unit as workers gain experience with a particular task. The other options, variable-cost function, step cost function, and nonlinear cost function, are not directly related to the concept described in the question.

A/an ________ Is a Function That Measures the Decline in Cost