Larger Firms Will Often Have Lower Minimum Per-Unit Costs Than

question 108

Multiple Choice

Larger firms will often have lower minimum per-unit costs than smaller firms because

• A) employee shirking is less of a problem.
• B) large-scale output allows greater specialization for both labor and machines in the production process.
• C) mass production techniques, with high setup and development costs, are appropriate only when a small output is planned.
• D) all of the above are correct.

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Definitions:

Infection

The entry and rapid increase in numbers of pathogens like bacteria, viruses, and parasites that usually do not exist inside the body, frequently leading to sickness.

Chlamydia

A common sexually transmitted infection caused by the bacterium Chlamydia trachomatis, which can lead to serious reproductive and other health problems with long-term consequences if left untreated.

Viral Infection

An illness caused by a virus, characterized by symptoms depending on the virus type and the body's response.

Syphilis

A sexually transmitted infection caused by the bacterium Treponema pallidum, known for its distinct stages and potentially serious complications if left untreated.