MANAGERIAL

ECONOMICS

Prepared by:
Angelo Donato
The learning curve is a visual
representation of how long it
takes to acquire new skills or
knowledge. In business, the
slope of the learning curve
represents the rate in which
learning new skills translates
into cost savings for a company.

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INDUSTRY
Manufacturing costs as related to
workforce performance can be tracked
by using the learning curve. Instead Of
performance and number of attempts,
the values could be unit cost or unit labor
hours and cumulative production in units.
As workers produce more product, the
per-unit cost will often decrease.

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BUSINESS

For example. employees learning

a difficult task. such as learning to
use a complex software program.
may have poor performance at the
beginning due to the inherent
difficulty of the task.

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MEDICINE
For surgeons in the operating
room. Many procedures will
involve the same repetitive
tasks.

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PRICING DECISIONS OVERTIME DECISIONS

WORK SCHEDULING MOTIVATION

CAPITAL BUDGETING TRAINING

FIXATION OF PAY SCALE

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PRICING DECISIONS OVERTIME DECISIONS

WORK SCHEDULING MOTIVATION

CAPITAL BUDGETING TRAINING

FIXATION OF PAY SCALE

7
PRICING DECISIONS OVERTIME DECISIONS

WORK SCHEDULING MOTIVATION

CAPITAL BUDGETING TRAINING

FIXATION OF PAY SCALE

8
 PRICING DECISIONS OVERTIME DECISIONS

WORK SCHEDULING MOTIVATION

CAPITAL BUDGETING TRAINING

FIXATION OF PAY SCALE

9
PRICING DECISIONS OVERTIME DECISIONS

WORK SCHEDULING MOTIVATION

CAPITAL BUDGETING TRAINING

FIXATION OF PAY SCALE

10
PRICING DECISIONS OVERTIME DECISIONS

WORK SCHEDULING MOTIVATION

CAPITAL BUDGETING TRAINING

FIXATION OF PAY SCALE

11
PRICING DECISIONS OVERTIME DECISIONS

WORK SCHEDULING MOTIVATION

CAPITAL BUDGETING TRAINING

FIXATION OF PAY SCALE

12
PRICING DECISIONS OVERTIME DECISIONS

WORK SCHEDULING MOTIVATION

CAPITAL BUDGETING TRAINING

FIXATION OF PAY SCALE

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