Answer:
<u>Economies Of Scale</u>
Explanation:
Average total cost(ATC) refers to total cost incurred per unit of output produced.
ATC at level of 90 canisters = $1050/90 canisters = $ 11.67 per canister
ATC at level of 120 canisters= $1200/120 canisters = $10 per canister
As can be seen, the average total cost has reduced.
Economies of scale is defined as the phenomena when in the long run, average total cost reduces along with an increase in the output.
The reasons attributable to this phenomena being, increase in labor efficiency and better utilization of resources coupled with bulk quantity of inputs purchased at a lower cost, which lowers the cost of production in the long run.
Answer:
The answer is question marks
Explanation:
Boston Consulting Group (BCG) growth-share matrix are grouped into four:
Star
Question mark
Cash cows
Dogs.
Question mark, which is of interest to us in this question requires much closer consideration. They are growing rapidly and as a result consume large amounts of money.They have low market shares but have potential to gain market share and become stars and eventually cash cows when market growth slows At that stage(question marks), they do not generate much cash.
They are a starting point for most businesses.
Answer:
Demand.
Explanation: Because the demand is how much or what they want while supply is how much they can give.