Answer:
A
Explanation:
there is no correlation between the clothes been made for customers and an increase in life expectancy
The company's efficiency is increased as a result of tailoring customers clothes to be exactly what they want.
Also, Stitch Fix contributes to GDP as a result they can contribute to global economic growth
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Answer:
D. can result in a negative value for the coefficient of the included variable, even though the coefficient will have a significant positive effect on Y if the omitted variable were included
Explanation:
Answer:
Hence, the firm's total variable cost of producing three units of output is $48 unit.
Thus, the correct option is d. $48 unit.
Explanation:
The computation of total variable cost is shown below:
= marginal cost of the First unit of output + marginal cost of the second unit of output + marginal cost of the third unit of output
= $20 + $16 + $12
= $48
The variable cost include all type of cost which is change when the production level changes. In the given question, the output level changes with the unit which reflects the variable cost. So, the cost would be added in the computation part.
Hence, the firm's total variable cost of producing three units of output is $48 unit.
Thus, the correct option is d. $48 unit.