Multiple Choice
At a certain output level,the per-unit cost incurred by a firm to manufacture a product is $5.Other factors remaining constant,what will be the new per-unit cost if the cumulative output is doubled,and the firm is able to achieve an 80 percent learning curve?
A) $4
B) $5
C) $3
D) $6
Correct Answer:
Verified
Correct Answer:
Verified
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