The answer is True. Hope this helps
Answer:
B) change in average total costs divided by the change in output.
Explanation:
Marginal cost is the extra cost incurred for the production of an additional unit of output after breakeven. At the breakeven point, fixed costs have been absorbed. Any additional production will incur variable costs . Marginal costs will, therefore, comprise direct labor, direct material, and a small proportion of fixed costs, such as administration and selling costs.
The calculate marginal cost, divide the total change in costs by the change in the product output. i.e.
Marginal costs = change in cost / change in output.
Marginal cost is compared with marginal revenue when deciding whether to increase production or not.
Answer:
As supervisors and managers its not necessary that you should be limited to or write by an arbitrary style manual.
Explanation: As supervisors and managers its not necessary that you should be limited to or write by an arbitrary style manual. as a supervisor or manager, you are not limited to arbitary style of manual writing, As generally there is no standard of writing Manual. As the only known or recognizable form is a styl guide and this Varies in each and every organizations.
Answer:
The correct answer is:
demands reflect a decision about which wants to satisfy and a plan to buy the good, while wants are unlimited and involve no specific plan to acquire the good. (d)
Explanation:
Let me first try to define what demand and want are:
want: want is a desire for a product or service. It is said that wants are unlimited, however, the resources to actualize such wants are in a limited supply.
Demand: Demand is the quantity of good or service that a person is willing and able to pay for because of the availability of resources to do so, at a given price and time.
For a clearer understanding, demand can be seen as a subset of want that a consumer takes a further step to acquire, not just desire. There is a specific plan to acquire such wants.
Goods that are normally consumed together are known as 'Complimentary Goods' i.e. they compliment one another.
Other examples include toothbrush and toothpaste or Car and Gasoline.
Car and Gasoline is a classic example of complementary goods since the increase or decrease in the demand for one product has a direct impact on the other.
For example, when Gasoline prices start to decline, there is generally an upward trend in the purchase of new cars and vice versa.
