Answer: A firm should not continue production when its MR is lower than its AVC.
Explanation:
The goal of every firm is to minimize cost and also maximize profits and therefore the firm will operate at the output level where the marginal revenue and the marginal cost equates.
A firm should not continue production when its MR is lower than its AVC. Here, the firm will incur a higher loss during production as producing will not offset the variable cost. Therefore, it's better to shut down.
Answer:
B) Will become flatter as output increases if there are diminishing returns to the variable input
Explanation:
Anwser - 3:2 I’m not sure if u still need help
Ensuring proper collection preservation and safeguarding of federal records is the responsibility of <u>All Air Force Personal</u>.
<h3>What is Record Management Policy?</h3>
- All federal agencies are required under the Federal Records Act (44 U.S.C. 31) and related Code of Federal Regulations (CFRs) to keep records that detail their operations, file records for secure storage and quick retrieval, and dispose of records in accordance with agency schedules.
- A record keeping policy is a collection of guidelines for managing the creation, receipt, storage for historical purposes, and destruction of documents and other information within an organization.
- When it comes to safeguarding the rights and interests of the general public, holding public servants responsible for their acts, and recording the history of our country, federal records are crucial corporate assets.
- Employees of the government are responsible for maintaining and creating Federal records as part of their duties.
There are numerous types of federal records, including but not restricted to:
- recordings of audio and/or video
- drawings for architecture, engineering, and other fields
- electronic messages, such as texts, emails, and instant messages, used in computer-aided design
- Geospatial data and maps, notes, and pictures
- presentations
- reports with statistics and narratives about social media content
- web statistics
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The supply chain Management of the strategic sourcing process is sometimes kicked off in response to an entirely new need within an organization.
Explanation:
The main purpose of strategic sourcing is to save money, acquisition process, supplier performance, and minimizing risk.
Based on the seven steps the strategic source processing is performed. They are profile the category means that it defines the categories and commodities in it.
The second step is supply market analysis describes about the cost components of the products or service. Develop the strategy is the next step in which decides where to buy while minimizing risk and cost and how to develop sourcing strategy. The next step is selecting source process which is used as a request for proposal process.
Then negotiate and selection suppliers is used to conduct multiple rounds of negotiation to get a shortlist.
The sixth step is implement and integrate are used for implementation process. The final step is benchmark and track results is the key element for sourcing process.
