An Experience Curve

Multiple Choice

An experience curve

A) is a narrower application of the learning curve.
B) measures the decline in cost per unit as production decreases for various value-chain functions such as marketing as production increases.
C) only measures the decline in labour-hours per unit as units produced increases.
D) measures the increase in cost per unit as productivity increases.
E) measures the increase in labour-hours per unit as units produced increases.