Question: 17. A process has low fixed costs and high variable costs. It is currently capacity-constrained. Will the impact of an efficiency improvement be small or

17. A process has low fixed costs and high17. A process has low fixed costs and high17. A process has low fixed costs and high17. A process has low fixed costs and high

17. A process has low fixed costs and high variable costs. It is currently capacity-constrained. Will the impact of an efficiency improvement be small or large? a. Small b. Large 16. A process has high fixed costs and low variable costs. It is currently capacity-constrained. Will the impact of an efficiency improvement be small or large? a. Small b. Large 14. Specialization increases the costs of labor because specialists will command a higher wage rate. True or false? a. True b. False 12. It is possible to increase process capacity by balancing a process. True or false? a. True b. False

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