Explain the relationship between the learning curve and a firm's cost function. Would economists consider the learning

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Explain the relationship between the learning curve and a firm's cost function. Would economists consider the learning curve a short-run or a long-run phenomenon?

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Managerial Economics

ISBN: 978-0133020267

7th edition

Authors: Paul Keat, Philip K Young, Steve Erfle

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Question Posted: Jun 20, 2016 12:32 AM

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Explain the relationship between the learning curve and a firm's cost function. Would economists consider the learning

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The learning curve indicates unit costs on the basis of an accumula...View the full answer

Managerial Economics

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