A) To complete the first setup on a new machine took an employee 300 minutes. Using an 85% cumulative average-time learning curve indicates that the second setup on the new machine is expected to take ________.

A) 210 minutes B) 255 minutes C) 277.50 minutes D) 127.50 minutes

B) An experience curve ________.

A) is a narrower application of the learning curve

B) only measures the decline in labor-hours per unit as units produced increases

C) measures the decline in cost per unit as production decreases for various value-chain functions such as marketing as production increases

D) measures the increase in cost per unit as productivity increases

C) A learning curve is a function ________.

A) that is linear

B) where unit costs increase as productivity increases

C) that measures the decline in labor-hours per unit due to workers becoming better at a job

D) that increases at a greater rate as workers become more familiar with their tasks