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Properties of Learning Curves

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In the following unit learning curve equation:

Y = 34*(X)^(-0.184425)

a) Y is the cost of the first unit.
b) The slope equals 1 - 0.184425 = .8156 or 81.56%
c) Y represents the cost of the 34th unit.
d) The slope equals 88%

Which one of the above answers is correct?

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Solution Summary

The solution explains all the parameters of given learning curve and then chooses the correct option.

Solution Preview

In the given equation:

Y represents the cost of Xth unit
X is the unit number we are interested ...

Solution provided by:
Lokesh Jain, MSc
Education
  • BEng (Hons) , Birla Institute of Technology and Science, India
  • MSc (Hons) , Birla Institute of Technology and Science, India
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