How learning economies differ from economies of scale

Reference no: EM13212413

Learning economies differ from economies of scale in which of the following ways? Learning economies involve cumulative production over time and the economies of scale involves rate of production per period. Learning economies involve rising average costs and economies of scale involve falling average costs as a result of higher output levels. Learning economies involve output in a single period of production and economies of scale involve cumulative output. Learning economies are a short-run phenomenon and economies of scale are a long-run phenomenon.

Reference no: EM13212413

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