The experience curve refers to the: Group of answer choices Increases in unit costs experienced over time. Systematic lowering of the cost structure and unit cost reductions. Diseconomies of scale caused by inexperienced workers. Company's overall experience in a particular industry.

The following are line items from the horizontal analysis of an income statement:increase/ (decrease) increase/ (decrease) 2017 2016 amount percent fees earned $120,000 $100,000 $20,000 20% wages expense 50,000 40,000 10,000 25 supplies expense 2,000 1,700 300 15 which of the items is stated incorrectly? a. fees earned b. supplies expense c. none of these choices are correct. d. wages expense