When a single individual performs all the steps involved in the production process he/she incurs:
A)the costs of labor division.
B)the costs of being a generalist.
C)the cost of specialization.
D)the costs of over-utilization of resources.

Question

Quizplus · Accepted Answer

When a single individual performs all the steps involved in the production process, they incur the costs of being a generalist, as they cannot take advantage of the efficiencies and expertise that come with specialization in specific tasks.

When a Single Individual Performs All the Steps Involved in the Production