The Presence of a Learning Curve May Induce a Decision

Multiple Choice

The presence of a learning curve may induce a decision maker in a startup firm to choose:

A) low levels of output to exploit economies of scale.
B) high levels of output to exploit economies of scale.
C) low levels of output to shift the average cost curve down over time.
D) high levels of output to shift the average cost curve down over time.
E) to produce more than one output.