Your company makes devices that allow people to measure their blood glucose levels. You find that as you produce more units of the devices, your costs fall, allowing you to charge a lower price. Furthermore, you find that the price per unit decreases by 8% every time you double your production. This result is consistent with which of the following?

Your company makes devices that allow people to measure their blood glucose levels. You find that as you produce more units of the devices, your costs fall, allowing you to charge a lower price. Furthermore, you find that the price per unit decreases by 8% every time you double your production. This result is consistent with which of the following?

Your company makes devices that allow people to measure their blood glucose levels. You find that as you produce more units of the devices, your costs fall, allowing you to charge a lower price. Furthermore, you find that the price per unit decreases by 8% every time you double your production. This result is consistent with which of the following?



A. the experience curve

B. Moore's Law

C. process redesign

D. economies of scope

E. the law of supply and demand



Answer: A


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