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tatiyna
3 years ago
14

If the marginal cost of production is greater than the average cost, in what direction must the average cost be changing, if any

?
a) The average cost must be falling.
b) The average cost must be rising.
c) The average cost is unaffected.
d) The average cost would become non-existent.
e) The average cost would equal 0.
Business
1 answer:
ziro4ka [17]3 years ago
6 0

Answer:

b) The average cost must be rising.

Explanation:

Assuming that the entity produce 4 units and its total cost is $16 so average cost per unit is $4 and  now the same entity has produced the 5th unit at $5 so the average cost now per unit is (16+5)/5=$4.2

So based on the above discussion, it can be concluded that average cost increase when the marginal cost of production is increased.

So the answer is b) The average cost must be rising.

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The Zoom Slingshot Company’s marketing department conducts a customer satisfaction survey. It discovers that one of its slingsho
strojnjashka [21]

Answer:

Explanation:

Zoom Slingshot's marketing.team conducted the survey in a bid to add more value to the customer. After the discovery that some of the slingshot lines breaks frequently, the feedback from the survey was used to add value to the customer by providing a stronger product.

Businesses are always looking for ways of adding value for customers, and feedback is a good insight to customer needs.

7 0
3 years ago
5 quality attributes of cassava root
kirill115 [55]

Answer:

This study aimed to identify cassava quality attributes preferred by users along the food chain, in order to provide breeders with criteria for prioritisation. Survey and consumer‐testing studies were conducted within Apac and Luwero districts in Uganda. Additionally, sensory evaluation by trained panellists was conducted to determine descriptors for assessing quality of boiled roots. Results revealed softness of boiled roots and in‐ground storability as key attributes influencing varietal preference besides high yield, non‐bitter roots, disease resistance, early maturity and drought resistance. For some attributes like in‐ground storability, preference differed significantly between locations and showed differentiation by gender. Local varieties were found to be superior in quality attributes. From sensory evaluation, twenty‐one descriptors associated with appearance, texture, taste and aroma of boiled roots were determined. Findings from this study are vital for breeders to adopt gender‐responsive approaches in order to develop varieties that meet the needs and preferences of end users.

Go to:

Explanation:

7 0
3 years ago
On a production possibilities​ frontier, 500 pounds of apples and​ 1,200 pounds of bananas can be produced while at another poin
klasskru [66]

Answer:

The opportunity cost of producing a pound of bananas is 2 pounds of apples.

Explanation:

At a point on the production possibilities frontier, 500 pounds of apples and 1,200 pounds of bananas are being produced.

When quantity of bananas is increased by 100 pounds from 1,200 to 1,300 pounds, the quantity of apples declined by 200 pounds, from 500 pounds to 300 pounds.

The opportunity cost of producing a pound of bananas

= \frac{What\ is\ sacrificed}{What\ is\ gained}

= \frac{200}{100}

= 2 pounds of apples

5 0
3 years ago
All societies face a trade-off between equality and efficiency.If the United States government lowers the income taxes on the we
xenn [34]

Answer: Decrease in efficiency and decrease in equality in the united states.

Explanation: In economics the situation in which one thing cannot be improved without the other thing being hurt is called efficiency. Decreasing tax on wealthy and decreasing welfare payments will both result in decrease in efficiency in the economy as well as decreasing the equality as the wealthy will have more to save and consume and the poor ones living standard will decline further.

4 0
4 years ago
Economic growth can be portrayed as:____________. 1. An inward shift of the production possibilities curve. 2. An outward shift
Aleonysh [2.5K]

Answer:

2. An outward shift of the production possibilities curve.

Explanation:

Economic growth can be defined as an increase in the output of goods produced in an economy or increase in what an economy produces using its scarce resources.

Simply put it is an increase in production capacity.

The production possibility curve shows all possible combinations of two products that can be produced with a given level of resources.

When there is increase in capacity there is increase in number of goods that can be produced. For example if resources of 50 units can produce 15 units of A and 20 units of B. An increase of resources to 70 units will be able to produce more let's say 20 units of A and 23 units of B.

This results in shift of PPP outward as illustrated in the attached diagram.

3 0
3 years ago
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