Introduction
The main purpose of this report is to analyze that how learning curve is a function that measures how labor cost declines as units of production increases. Labor and production are two important concepts come under the ambit of economics and finance, and it’s usually associated with the productivity of the individuals as well as the firms. Learning Curve is a curve that associated with two different variables in particular in which an increment in a single variable would lead to decrease the power of the other one and vice versa. The utilization of Learning Curve has been receiving increasing and ...