Which of the following is an example of specialization?
A) The output of workers in a chocolate factory doubling when a new manager was appointed
B) The cost of production of a light bulb making factory decreasing as its capacity increased
C) Different workers in a shoe factory being allotted different parts of shoe making instead of a worker making an entire shoe
D) The import of better technology and machinery from developed countries greatly increasing the number of laser printers manufactured by a company
Correct Answer:
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Q40: Which of the following statements is true
Q41: The following table shows the total output
Q42: Scenario: Selma runs a pastry shop. The
Q43: Which of the following is an example
Q44: The following table shows the total output
Q46: Specialization is the result of _.
A) hiring
Q47: The following graph shows the short-run production
Q48: Scenario: Selma runs a pastry shop. The
Q49: Increases in the marginal product of labor
Q50: The Law of Diminishing Returns states that
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