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Function used to measure decline in labour hours per unit as units of production increases is called

A. fixed curve

B. learning curve

C. linear curve

D. mixed curve

Answer: Option B

Solution(By Examveda Team)

Function used to measure decline in labour hours per unit as units of production increases is called learning curve. A learning curve is a concept that graphically depicts the relationship between the cost and output over a defined period of time, normally to represent the repetitive task of an employee or worker.

This Question Belongs to Commerce >> Costing

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