Which of the Following Is NOT a Rule in Balancing

question 18

Multiple Choice

Which of the following is NOT a rule in balancing an assembly line?

• A)the most-following-tasks rule
• B)the ranked-positional-weight rule
• C)the longest-operating-time rule
• D)the most-frequent-following-tasks rule

Analyze the effects of input price changes on the firm's production choices.

Discuss the concept of weak axiom of profit maximization (WAPM) and its implications.

Understand the distinction between fixed and variable factors in production.

Explain the principles of diminishing returns to scale and their implications on firm's profit.