Which of the Following Are Combined to Result in Mass

question 37

Multiple Choice

Which of the following are combined to result in mass production?

• A)Mechanization,specialized labor,and robots
• B)Standardization,job-order production,and specialized labor
• C)Analytic systems,synthetic systems,and continuous processes
• D)Mechanization,specialized skills,and standardization

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Definitions:

Isoquants

A curve representing all the combinations of factors of production that yield the same level of output.

Isocost Line

A graphical representation in economic theory showing all combinations of inputs which have the same total cost.

Price Of Labor

The cost of hiring workers or the wages that employers pay to their employees.

Price Of Capital

The cost of using capital assets to produce goods and services, often reflected in interest rates or returns required by investors.