What learning curve implies?, Microeconomics

Assignment Help:

Learning curve implies:

 1) The requirement of labor falls per unit.

 2) Costs will be high at 1st and then will fall with learning.

 3) After eight years the labor requirement will be 0.51 and per unit cost will be ½ what it was in the 1st year of production? 


Related Discussions:- What learning curve implies?

Motives of regional financial institutions, Motives of regional financial i...

Motives of regional financial institutions: There are mixed motives for the donor countries to provide development assistance to developing nations. While a desire for poverty

Gdp problems, 1.       Why does inflation make nominal GDP a poor measure o...

1.       Why does inflation make nominal GDP a poor measure of the increase in total production from one to the next? How does the U.S' BEA deal with the problem inflation causes w

Opportunity cost, explain the relationship between scarcity,choice and opp...

explain the relationship between scarcity,choice and opportunity cost

Fixed input and variable input, Fixed input and variable input: A fixe...

Fixed input and variable input: A fixed input is that input whose quantity cannot be varied in the short-run when demand conditions require an increase or a decrease in produc

Rent, determination of rent

determination of rent

Analysis utility, difference between the cardinal analysis theory and ordin...

difference between the cardinal analysis theory and ordinal theory

Cost-benefit analysis, Normal 0 false false false EN-IN...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Determine the cost minimizing capital labour ratio, The production function...

The production function for (a Music company ) their CDs is q= 25*K*L , where q is the number of CDs produced each month, K is the hours of equipment used, and L is the hours of la

5 theories of microeconomics, evaluate each in term of strength and weaknes...

evaluate each in term of strength and weakness relative to their applicability to asian economy situation or reality ,2. philippines economy situation or reality

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd