C.8 Learning curve | Cost - Microeconomics

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This video explains what the learning curve is. We start by learning how to build a learning curve, and then we compare two companies competing with the same learning curve.
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[@orxanaliyev894]

Well-Explained. Appreciated. !

[@vladisan1]

Thank you for a great video!

[@prajwal5879]

Great explanation. Easy to understand for a beginner.

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Thank you very much! 🅿

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Great explanation, thank you

[@ajmarr5671]

Learning Curve: Gradual accelerating mastery or learning of a task as measured by a sloping curve. For tasks that are acquired rapidly (e.g. finding the salad bar, learning a video game), the learning curve is replaced by the learning parabola, and for subjects that cannot be mastered no matter the experience (understanding tax law, cell phone plans, your spouse), the learning curve is replaced by the learning sink hole. from Dr. Mezmer’s Dictionary of Bad Psychology, at doctormezmer.com

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10/10

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