Question Details

A learning curve is a function 



1) Which of the following is a nonlinear cost function?
A) increase in revenues with increase in sales in units
B) total fixed cost of $25,000
C) variable cost of $5 per unit
D) learning curve function

2) Which of the following is an example of nonlinear cost function?
A) variable-cost functions 
B) fixed-cost functions 
C) learning curves 
D) mixed cost functions 

3) With a step fixed-cost function ________.
A) the cost varies with the changes in the activity
B) fixed cost is often approximated with a continuous variable-cost function 
C) fixed cost changes proportionally with the level of activity 
D) the cost remains the same over wide ranges of the activity in each relevant range


4) A step variable-cost function ________.
A) is fixed over the long run but not over the short run 
B) is often approximated with a continuous variable-cost function 
C) remains the same over a wide range of activity 
D) example includes adding additional warehouse space 


5) A learning curve is a function ________.
A) that measures the decline in labor-hours per unit due to workers becoming better at a job 
B) that increases at a greater rate as workers become more familiar with their tasks 
C) where unit costs increase as productivity increases 
D) that is linear 




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