________ is a type of technology that centers on large-batch production and requires moderate levels of complexity and sophistication. A: Unit production B: Mass production C: Process production D: Service production

An organization has found that there is a linear relationship between production volume and production costs.It has found that a production volume of 800 units corresponds to production of $10,000 and that a production volume of 1,000 units corresponds to production costs of $12,000.What are the production costs for a production volume of 2,000 units? A: $12,000 B: $20,000 C: $22,000 D: $32,000

Production efficiency occurs when production ( ). A: is at a point beyond the production possibilities frontie B: is on the production possibilities frontier or inside it C: is at any attainable point D: is on the production possibilities frontie

The factory is said ______ last month. A: to have gone into production B: to go into production C: to be gone go into production D: to be going into production

An advance in technology will A: not shift the production function but will lead to a movement down along the production function. B: shift the production function downward. C: not shift the production function but will lead to a movement up along the production function. D: shift the production function upward.