1 Benefits received from "economies of scale" include: (Choose all that apply) a.

1 Benefits received from "economies of scale" include: (Choose all that apply)

a. Price discounts due to volume purchases of materials and supplies Price discounts due to volume purchases of materials and supplies

b. Lower cost per unit produced Lower cost per unit produced

c. Decreasing cost per unit as the output level is reduced Decreasing cost per unit as the output level is reduced

d. The more you do something, the better you get at it

2 Which of the following are required for a capacity calculation (choose all that apply)

a. Time between process starts Time between process starts

b. Time between process completions Time between process completions

c. Total Time spent in the process Total Time spent in the process

d. Length of the time horizon in question