well yes, but what I meant is:
level 1 mob gives 100 XP
level 26 mob gives 26k XP (for a example)
etc
but each level you need to earn more Xp to ding
there is however max Xp cap for a level, so you cannot just kill couple of reds (with outside PL help) and get like 20 levels in 1 shot.
I believe the cap is like no more than 2/3 of level XP can be gained from a single kill, and gets smaller as you go up.
so even thought, you are level 1, and your friends just set thing up so you killed a level 50 mob, which worth shit load of XP, the most you will get from it is 1 level
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Or something along those lines =)