Which one of the following statements about learning curves is FALSE?
◦ A benefit of learning curves is that they are unaffected by factors such as product complexity and the rate of capital additions.
◦ The reduction in time will follow an exponential curve.
◦ The direct labor for the n + 1st unit will always be less than the direct labor required for the nth unit.
◦ The cumulative average number of direct labor hours per unit for a given product after the tenth unit with an 80 percent learning rate will be less than that for the same product with a 70 percent learning rate.