Answer:
III. when marginal cost is above average cost, average cost is constant.
Explanation:
Marginal Cost (MC) is the addition to total cost , when an additional variable factor is employed. MC = TCn - TCn-1
Average Total Cost AC is the Total (Fixed &Variable Cost) per unit variable factor employed. AC = TC / Q
MC AC relationship : <u>MC > AC - AC rise</u> ; MC < AC - AC fall ; MC = AC - AC minimum. '3rd' is opposite to the 1st underlined MC AC relationship.
2nd & 4th are other right components of MC AC relationship. MC < AC - AC fall ; MC = AC - AC minimum (MC cuts AC at its minimum)
1st is also correct as when more variable factors are employed - total cost first increases at a decreasing rate (MC falls) & then it increases at an increasing rate (MC rises). MC curve cuts AC curve at its minimum (MC = AC - AC minimum)
B. <span>Brenna wants to have a career in computer-related work.
D. </span><span>Cody wants to manage a company’s office</span>
<u>Answer:</u>
<em>B2B marketers promote their products directly to final consumers. Business demand increases.</em>
<u>Explanation:</u>
Marketing business-to-business (B2B) is different from marketing business-to-consumer (B2C). Although you still are selling a product to a person, experience shows that the difference between these two types of markets runs deep. B2B clients often need to prove a return-on-investment for their purchase.
Answer:
line extension is the use of an established product brand name for a new item in the same product category
Explanation:
Answer:
A. It is the point where the demand and supply curves intersect.
Explanation:
The term equilibrium is used in economics to mean balance. The equilibrium price is the balance between the demand and supply forces. Therefore, the equilibrium price is the prevailing market price.
In a graph that shows both the supply and demand curves, the equilibrium point will be the intersection point of the two curves. The intersection or equilibrium point will represent the current market price. A change to either the quantity demanded or quantity supplied will cause the equilibrium point to change.
