Curves and Nonlinear Cost Function MCQ (Multiple Choice Questions) PDF Download

The model which states decline in extra time needed to produce last unit, every time for the cumulative quantity of doubled units produced is classified as

1. incremental unit average model
2. incremental cost learning model
3. incremental unit time learning model
4. incremental price learning model

A concept used to define the learning curve in broader application is called

1. discrete curve
2. fixed curve
3. mixed curve
4. experience curve

As compared to cumulative average-time learning model, the learning model which predicts more cumulative total time to produce more units is known as

1. incremental unit time learning model
2. incremental price learning model
3. incremental unit average model
4. incremental cost learning model

The model, in which the produced unit doubles every time as the cumulative average time per unit decreases, by a constant percentage can be classified as

1. cumulative average time learning model
2. cumulative mean learning model
3. cumulative weighted learning model
4. cumulative average pricing model

The function which is used to measure the decline in per unit cost of different business functions is classified as

1. mixed curve
2. experience curve
3. discrete curve
4. fixed curve