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Which of the following is perceived from an experience curve? Valued-added costs increase each time cumulative...

Which of the following is perceived from an experience curve?

Valued-added costs increase each time cumulative volume doubles.

Prices increase as total production volume is doubled.

Performing a task more often reduces the costs of doing it.

Labor time does not impact an organization's overall costs.

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Answer #1

From an experience curve, we can know that

Performing a task more often reduces the costs of doing it.

When tasks are done repeatedly, cost go down gradually

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