Asked by Carly Johnson on May 05, 2024
Verified
(Last Word) Which of the following is a predicted result of the increased use of additive manufacturing (using 3-D printers) ?
A) Economies of scale in manufacturing will be eliminated,driving up production costs and prices.
B) Lower prices of manufactured goods through the elimination of large fixed costs and transportation costs.
C) Monopolization of manufactured goods industries,as few individuals can afford additive manufacturing technology.
D) Significant increases in the fixed costs of producing manufactured goods.
Fixed Costs
Costs that do not change with the level of production or output in the short term, such as rent or salaries.
Additive Manufacturing
A process of creating objects by adding layer upon layer of material, commonly referred to as 3D printing.
3-D Printers
Machines that create three-dimensional objects by adding material layer by layer, based on digital models, revolutionizing manufacturing and prototyping.
- Examine the effects of additive manufacturing (3-D printing) on the economics and scale of production processes.
Verified Answer
MR
Matthew ReeceMay 07, 2024
Final Answer :
B
Explanation :
Additive manufacturing allows for the production of goods without needing large factories or shipping costs, reducing the fixed costs of manufacturing. This can result in lower prices for consumers.
Learning Objectives
- Examine the effects of additive manufacturing (3-D printing) on the economics and scale of production processes.