Which of the Following Statements Best Defines the Law of Experience

Multiple Choice

Which of the following statements best defines the law of experience?

A) Costs per unit decrease with increases in cumulative volume of production.
B) The average total cost of production decreases as a result of increasing the number of different goods produced.
C) Cost per unit decreases with increase in the years of experience of employees.
D) Marginal cost increases when output is increased.