A learning curve tells you (Points : 1) a. How a 1% increase in output affects u

Question

A learning curve tells you (Points : 1)                                           a. How a 1% increase in output affects unit costs
                                        b. How a 10% invrease in output affects total cost
                                        c. How total cost decrease as output doubles
                                        d. How unit costs decrease as output doubles
                                        e. None of the above
                                            
                         

                     Given a 50% learning curve, where the first unit costs is $1,000, the cost of the 4th unit would be: (Points : 1)                                           a. $800
                                        b. $250
                                        c. $500
                                        d. $400
                                        e. None of above
                         

Explanation / Answer

Correct answer for 2nd question is 250

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