21} Which of the following is False as it regards: FIXED, VARIABLE, TOTAL COSTS: 1) Expenses which vary by output are considered Fixed Cost for Production. 2) Fixed Costs are those cost which do not vary based upon output of Production. 3) Total Cost are the sum of the Fixed and Variable Cost. 4) Fixed Cost decrease per unit as more output is produced. A) 1is False B) 2 is False C} 3 is False D} 4 is False 22} Which of the following is False as it regards: ECONOMIES OF SCALE: 1) Economies of mass production as a plant size increases lower average cost of production result. 2) Labor Generalization replaces Specialization as the plant increases in size. 3) Managers can now supervise more employees located in one larger plant. 4) Reduction in Design and Research as more units of output are produced. a} 1 is False b} 2 is False c) 3 is False d} 4 is False