What Is the Term for the Learning Curve That Decreases

question 105

Multiple Choice

What is the term for the learning curve that decreases by a constant percentage each time the cumulative quantity doubles?

• A)cumulative average-time model
• B)cumulative total-time model
• C)incremental unit-time model
• D)decremental average-time model

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Definitions:

Marginal Utility

The extra utility or satisfaction that someone attains from the consumption of one more unit of a product or service.

Marginal Utility

The extra pleasure or benefit gained by a consumer from consuming an additional unit of a good or service.

Utility Schedule

A table or graph that shows the satisfaction or utility a consumer derives from consuming different quantities of a good or service.

Total Utility

The overall satisfaction or enjoyment a person gets from consuming a certain quantity of goods or services.