Meadows Mowers initially spent nine man-hours to assemble a lawnmower. But as the production doubled, the number of hours spent

Question

3 years ago

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Meadows Mowers initially spent nine man-hours to assemble a lawnmower. But as the production doubled, the number of hours spent

on assembling a mower reduced by 20 percent. This increase in productivity reduced the company's cost per unit. What is this phenomenon referred to as?

Social Studies

1 answer:

storchak [24] · Answer 1 · 2022-08-21T11:49:46+03:00

Answer:

<em>Learning Curve Effect</em>

Explanation:

The learning curve was first defined in 1885 by psychologist Hermann Ebbinghaus and is used as a means of measuring the quality of output and estimating costs.

<em>A learning curve is a term that visually represents the cost-output relationship over a specified period of time, usually representing an employee's or worker's repetitive task.</em>