USA HISTORY

THE ROARING 20S 1920 1929

AMERICAN POLITICS IN THE 1920S

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What did mass production do for supply and consumer costs?
A
supply decreased; consumer costs increased
B
supply decreased; consumer costs decreased
C
supply increased; consumer costs increased
D
supply increased; consumer costs decreased
Explanation: 

Detailed explanation-1: -Mass production also results in lower costs because the automated assembly line production process requires fewer workers. In addition, mass production can create higher levels of efficiency because mass-produced items can be assembled at a quicker rate through automation.

Detailed explanation-2: -Anything consumers needed or desired could be made in larger quantities. Mass production resulted in lower prices of consumer goods. Eventually, economies of scale resulted in the most affordable price of any product for the consumer without the manufacturer having to sacrifice profits.

Detailed explanation-3: -Mass production as an economic process incurs fewer labour costs, material costs, efficiently utilises resources, while at the same time decreasing total expenditure per produced unit. This is important for both small and larger food manufacturers to save on unnecessary expenditure.

There is 1 question to complete.