Give a brief discussion, comparing and contrasting unit theory learning curves and cumulative average theory learning curves. Include...

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Give a brief discussion, comparing and contrasting unit theorylearning curves and cumulative average theory learningcurves. Include a discussion of what the impact might beif you incorrectly used a unit theory curve in lieu of a cumulativeaverage theory curve, and vice versa.

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I HOPE ITS HELPFUL TO YOU IF YOU HAVE ANY DOUBTS PLS COMMENTS BELOWI WILL BETHERE TO HELPALL THE BESTLearning curve analysis is developed as a tool to estimate therecurring costs in production process Recurring costs are considered to be those costs incurred oneach unit of productionThe learning curves doesnot take intoacoount the overhead costs It only considered manufacturingcostsThe theory of the learning curve isbased on the ideathat the time required to perform a task decreases as a workergains experience The basic concept is that the time or cost ofperforming a task decreases at a constant rate as cumulative outputdoublesLearning curves are useful for preparing cost estimates biddingon special orders setting labor See Answer

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