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Snow Beast Equipment initially spent 10 worker hours to assemble each snow blower. However, as unit production doubled, the number of hours spent on assembling
Snow Beast Equipment initially spent 10 worker hours to assemble each snow blower. However, as unit production doubled, the number of hours spent on assembling a snow blower decreased by 20 percent. This increase in productivity reduced the company's cost per unit. What is this phenomenon referred to as? Multiple Choice learning-curve effect network effect black-swan event time compression diseconomies
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