Best describes the experience curve

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Reference no: EM131514708

Which of the following best describes the “experience curve”?

a) As workers gain more experience they become more satisfied with their jobs.

b) As a company produces more and more units of a new product it costs less per unit to manufacture.

c) As consumers gain experience at using a new product they become more knowledgeable about it.

d) All of the above are true.

Reference no: EM131514708

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