Learning curveForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Learning curveThis topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts December 20, 2021 at 6:33 pm #644624 Joseph.AndrewsParticipantTopics: 55Replies: 27☆☆Please explain what is economies of scale? Is it a cost reduction strategy but how it works?There is an MCQ which states that learning rate leads to economies of scale. Is that true?Thanks December 21, 2021 at 7:47 am #644640 John MoffatKeymasterTopics: 57Replies: 54479☆☆☆☆☆It is meaning that the more that are produced then the lower the cost per unit.For example, producing more means buying more material and buying larger quantities might mean that we pay less per kg..Learning means that the time taken per unit is less as we produce more units, therefore there is less labour cost per unit.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In