Thank you for the opportunity to help you with your question!
Learning curve shows the rate of improvement in performing a task as a function of time, or the rate of change in average cost (in hours ) as a function of cumulative output. Used in resource, learning curves are also employed in setting incentive rate schemes based on the statistical findings that as the cumulative output is doubled, the average unit cost declines by a constant percentage
Please let me know if you need any clarification. I'm always happy to answer your questions.
Aug 21st, 2015
Did you know? You can earn $20 for every friend you invite to Studypool!