At a Certain Output Level,the Per-Unit Cost Incurred by a Firm

question 50

Multiple Choice

At a certain output level,the per-unit cost incurred by a firm to manufacture a product was $60.Once the cumulative output doubled,the cost per unit reduced to $54.All other factors remaining constant,the firm has been able to achieve a(n)

• A) 80 percent learning curve.
• B) 90 percent learning curve.
• C) 60 percent learning curve.
• D) 54 percent learning curve.