What is characteristic of the learning curve?
A)The curve decreases at an increasing rate.
B)The learning effect will eventually disappear as the number of units produced increases.
C)Failure to recognize the learning curve effect will cause units produced later in a new production process to receive less cost than they should.
D)The learning curve is linear.

Question

Quizplus · Accepted Answer

The learning curve theory suggests that as the number of units produced increases, the time (and often cost) per unit decreases due to learning and efficiency improvements. However, this effect diminishes over time and can eventually disappear as the process becomes optimized and there are fewer efficiencies to gain.

What Is Characteristic of the Learning Curve