GK
MARKETING MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
The decline in the average cost with accumulated production is called the ____
|
|
variable cost
|
|
|
demand curve
|
|
|
learning curve
|
|
|
supply curve
|
Explanation:
Detailed explanation-1: -The decline in the average cost with accumulated production experience is called theexperiencecurveorlearning curve.
Detailed explanation-2: -The decline in the average cost of production with accumulated production is called as learning curve.
Detailed explanation-3: -Accumulated production expenditures include the adjusted bases (or portion thereof) of any equipment, facilities, or other similar assets, used in a reasonably proximate manner for the production of a unit of designated property during any measurement period in which the asset is so used.
There is 1 question to complete.