Function which is used to measure decline in per unit cost of different business functions is classified as

A. mixed curve

B. experience curve

C. discrete curve

D. fixed curve

Answer: Option B

Solution(By Examveda Team)

Function which is used to measure decline in per unit cost of different business functions is classified as experience curve. Experience curve refers to a diagrammatic representation of the inverse relationship between the total value-added costs of a product and the company experience in manufacturing and marketing it.