Asked by Dominika Roybal on Jul 01, 2024
The development of additive manufacturing technology (3-D printers) is expected to lower prices by doing which of the following?
A) reducing the cost of producing blueprints for manufactured goods
B) promoting greater economies of scale in manufacturing
C) reducing the demand for manufactured goods
D) reducing both large fixed set-up costs and transportation costs
Additive Manufacturing
A method that involves building items by depositing material in successive layers, widely referred to as 3D printing.
Fixed Set-Up Costs
Initial costs that do not vary with the level of production or sales, such as equipment purchases or facility leases, needing to be paid before production starts.
- Acquire knowledge on the effects of additive manufacturing (3-D printing) on economies of scale, cost of production, and the behavior of the manufacturing industry.
Learning Objectives
- Acquire knowledge on the effects of additive manufacturing (3-D printing) on economies of scale, cost of production, and the behavior of the manufacturing industry.
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