A Learning Curve May Be Expressed as a Relationship Between

question 132

Multiple Choice

A learning curve may be expressed as a relationship between the labor per unit (L) and the total number of units produced (N) .Which of the following learning curves exhibits a faster reduction in cost of production due to learning,(1) L = 10 + N^-1 or (2) L = 10 + N^-0.5?

• A)Learning curve (1)
• B)Learning curve (2)
• C)Curves (1)and (2)exhibit the same rate.
• D)We cannot determine the rate of cost reduction without knowing the value of N.

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Definitions:

Inequality

The condition of being unequal in status, rights, opportunities, or wealth, resulting in disparities among individuals or groups.

Scarce Resources

Limited materials or assets that are available which cannot meet all the demands for them.

Burden of Proof

The obligation to prove one's assertion or claims in a legal dispute or court of law.

Criminal Guilt

The determination that an individual has committed a crime as proven in a court of law, following a legal process.