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Which of the following is true regarding unit versus cumulative learning curves? Only the unit curve reflects the constant rate by which cost will double
Which of the following is true regarding unit versus cumulative learning curves?
Only the unit curve reflects the constant rate by which cost will double for production of future units
The impact of unit versus cumulative is seen most often in early production
Only the cumulative learning curve has a slope
Which approach is used is largely a question of choice and there is no commonality between firms in the same industry
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