Curves and Nonlinear Cost Function Multiple Choice Questions with Answers – PDF Download

MCQ 1: 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

MCQ 2: 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

MCQ 3: 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

MCQ 4: 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

MCQ 5: 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