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:

Male Climacteric

The period of physical and psychological change relating to the male reproductive system that occurs during late middle age.

Reproductive System

A collection of internal and external organs in both males and females that work together for the purpose of procreating.

Lead Poisoning

Lead poisoning is a medical condition caused by exposure to lead, leading to health problems like damage to the brain and nervous system.

Lead

A heavy metal that is toxic to health, often found in paint, pipes, and various industrial products, exposure to which can cause serious health problems.