Asked by
Lillian Hoyer
on Oct 31, 2024
Verified
Learning curves can only be applied to labour.
Learning Curves
A graphical representation that shows how increasing the volume of production decreases the cost per unit due to learning and efficiency improvements.
Labour
It is the human effort, physical or mental, contributed towards the production of goods and services.
- Acknowledge that learning curves can be applied not just to labor but to various aspects of production and operations.
Verified Answer
KB
Learning Objectives
- Acknowledge that learning curves can be applied not just to labor but to various aspects of production and operations.