A learning curve tells you (Points : 1) a. How a 1% increase in output affects u

Question

A learning curve tells you (Points : 1)                                            a. How a 1% increase in output affects unit costs
                                         b. How a 10% invrease in output affects total cost
                                         c. How total cost decrease as output doubles
                                         d. How unit costs decrease as output doubles
                                         e. None of the above
                                            
                         

        

               
                                 

               
                                 

               
                                 

               
                                 

               
                                 

               
                               

                   Given a 50% learning curve, where the first unit costs is $1,000, the cost of the 4th unit would be: (Points : 1)                                            a. $800
                                         b. $250
                                         c. $500
                                         d. $400
                                         e. None of above
                         

Explanation / Answer

1. d. How unit costs decrease as output doubles

2.c. $500

3.e. b and d

4.b. Original cost

5.c. percentage; EBIT; percentage; sales

6.d. target margin per unit

7..c. contribution margin per unit

8. b. the marginal rate of technical substitution

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