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As the production volume doubles, the labor hours required decrease by a constant proportion. this is known as _____

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As the production volume doubles, the labour hours required decrease by a constant proportion. This is known as leaning curve.

What is leaning curve?

A learning curve graph demonstrates how quickly something may be learned over time or with practice. Learning curves are a visual representation of how much knowledge has been acquired over time and how challenging a subject is expected to be.

The cumulative average time needed for each unit decreases to 70% of what it was previously. The first unit ever produced is used to calculate the cumulative average time per unit.

Thus, it is leaning curve.

For more details about  leaning curve, click here:

https://brainly.com/question/23849697

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