The Idea That Manufacturing Costs Per Unit Decrease as the Number

question 87

Multiple Choice

The idea that manufacturing costs per unit decrease as the number of units produced increases is known as

• A)economies of scale.
• B)venture capitalism.
• C)a franchising agreement.
• D)first-mover advantage.
• E)None of these.

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Definitions:

Happiness Machine

A metaphorical concept or a devised system aiming to consistently generate or enhance happiness among its users.

Ethnic Heritage

The cultural background and traditions passed down through generations within a specific ethnic group.

Racial/Ethnic Relations

refer to the dynamics, interactions, and relations between racial and ethnic groups within a given society.

Lower Skilled Employment

Jobs that require minimal formal education or specialized training, typically characterized by lower wages and fewer opportunities for advancement.