Learning by Doing

question 57

Multiple Choice

Learning by doing:

• A)results in higher costs in the long run than in the short run.
• B)is a result of technological progress.
• C)increases productivity of the inputs.
• D)results from the increased use of inputs in production.

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Definitions:

Direct Labor Hours

The total hours worked by employees directly involved in the production process, used in costing and pricing decisions.