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

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Definitions:

Automatic

Operating or occurring without conscious thought or intention, often as a reflex or habitual action.

Novel

A long narrative work of fiction, typically published as a book and presenting characters and a plot in detail.

Adaptability

The capacity to adjust to new conditions or environments.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, and preferences.