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:

Birthmark

A congenital, usually benign, irregularity on the skin which is present at birth or appears shortly after birth, often as a result of localized concentrations of melanin or vascular anomalies.

Nevus

A medical term for a mole or birthmark, which is a benign growth on the skin that is formed by a cluster of melanocytes.

Lesions

Any abnormal tissue or damage found on or in the body, often identified through diagnostic processes.

Gas-Filled

Describes objects or spaces filled with gas, often related to medical conditions or mechanical systems.