The Idea That Rational Employers Think at the Margin Is

question 111

True/False

The idea that rational employers think at the margin is central to understanding how many units of labor they choose to employ.

Differentiate between product-focused, process-focused, and repetitive processes.

Analyze the effect of process selection on fixed and variable costs.

Understand the concept of mass customization and its implications on manufacturing and supply chains.

Identify the tools for process analysis and improvement, including crossover point calculation and process mapping/charts.

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