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19.11.2019 •
Business
At a certain output level, the per-unit cost incurred by a firm to manufacture a product was $60. once the cumulative output doubled, the cost per unit reduced to $54. all other factors remaining constant, the firm has been able to achieve a(n):
a) 54 percent learning curve.
b) 80 percent learning curve.
c) 90 percent learning curve.
d) 60 percent learning curve.
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