The learning curve is most important in understanding cost for Question 5 options: 1) A standard, mass-produced item 2) A non-differentiated commodity-type item 3) An item subject to market-based pricing 4) An item that will be produced in relatively small volumeA should-cost modeling approach that represents the cost of a product as a function of characteristics of the product is Question 6 options: 1) A parametric model 2) An industry average model 3) A ballpark model 4) An explanatory model