What is the difference between economies of scale and the learning curve?
What will be an ideal response?
Although both are related to the quantity produced, the underlying mechanisms are quite different. Economies of
scale reflect the scale of the operationduring any given period of time --the volume of current production. Cost
decreases attributable to the learning curve reflectthe cumulative level of production since the production of the first unit.
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Which of the following can negatively influence the rate of diffusion of an innovation?
A) substantial relative advantage B) high compatibility C) high complexity D) divisibility E) high level of communicability
Some companies distribute earnings per share in the form of dividends and some retain these earnings for future investment in the firm
Indicate whether this statement is true or false.