If Firm a Has a Learning Curve with 90% Learning

question 45

Multiple Choice

If firm A has a learning curve with 90% learning and firm B has a learning curve with 80% learning, then:

• A) Firm A has more experienced workers
• B) Firm B will be more cost efficient over time
• C) Firm A workers learn more quickly
• D) Firm B has less experienced workers

---

Definitions:

Farmland

Land used for the purpose of agricultural activities such as growing crops and rearing animals.

Highly Valued Resource

An asset or input considered to be of great importance or worth, often due to its scarcity or role in production.

Water

A crucial resource for life on Earth, involved in domestic, agricultural, and industrial uses.

Conflicts

Situations of disagreement or discord arising from differences in interests, values, or beliefs between parties.