Question

As production workers become better organized and more familiar with equipment, the average cost per unit decreases. This is called the

Answer 1

The answer is Experience Curve

Explanation:

Experience curve

Experience curve alludes to a diagrammatic portrayal of the inverse connection between the absolute worth included expenses of an item and the organization involvement with assembling and advertising it.  

Higher the combined volume of generation (X), the lower the immediate expense per new unit created (C). Thus, the experience bend will be curved and have a descending incline, as appeared in the contiguous graph.

Answer 2

● As production workers become better organised and more familiar with equipment, the average cost per unit decreases this is called experience curve.

● Experience curve suggests a diagrammatic depiction of the converse association between unquestionably the value included costs of a thing and the association contribution with collecting and publicizing it.

● Higher the joined volume of age (X), the lower the quick cost per new unit made (C). In this way, the experience curve will be bended and have a diving slant.