Which Type of Cost Becomes Less Per Unit as the Entrepreneur

question 2

Multiple Choice

Which type of cost becomes less per unit as the entrepreneur produces more of a product?

• A) Fixed cost.
• B) Variable cost.
• C) Hidden cost.
• D) Costs of substitutes and complements.
• E) All of the above.

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Definitions:

Automation

The use of technology to perform tasks without human intervention, often improving efficiency, reliability, and speed in processes.

Sociotechnical Systems

A conceptual approach emphasizing the interrelatedness of social and technical aspects of an organization to optimize performance and employee satisfaction.

Techno-human Systems

Integrated systems that include both technological components and human elements, focusing on their interaction to enhance overall performance.

Job Designs

The process of organizing tasks, duties, and responsibilities into a productive unit of work to enhance efficiency and employee satisfaction.