in economist estimated the learning curve for the production of Tesla vehicles t C-433,094°N -0.135 where AC = average production cost and N = cumulative production. Data used nnual. Calculate the resulting learning rate. From this, we can conclude that ⒸAC declines about 13.5 percent per year due to learning ⒸAC declines about 9 percent per year due to learning. there is no learning effect. there are economies of scale in production.

in economist estimated the learning curve for the production of Tesla vehicles t C-433,094°N -0.135 where AC = average production cost and N = cumulative production. Data used nnual. Calculate the resulting learning rate. From this, we can conclude that ⒸAC declines about 13.5 percent per year due to learning ⒸAC declines about 9 percent per year due to learning. there is no learning effect. there are economies of scale in production.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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