Learning curves are related

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Reference no: EM13796702

Learning curves are related to which of the following statements.

a. Short-run losses may be incurred in order to gain the future benefits of lower AC that result from greater knowledge and experience.

b. A balance of stability and change must be maintained in an organization to take advantage of knowledge and experience that may lower AC.

c. Larger firms will have the benefit of economies of scale because of knowledge and experience gained as compared to smaller firms.

d. There may be a positive correlation between the amount of time that a firm has been producing a product and the efficiency of the firm's production processes.

e. Statements a, b and d are related to learning curves, but c is not.

Reference no: EM13796702

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