Answer: Minimum efficient scale is 8 units.
Explanation:
Given that,
Cost function: C(q) = 64 + 
Marginal cost function: MC = 2q
Average cost: AC = 
= 
= 
The minimum efficient scale is at a point where MC = AC
2q =
Therefore, minimum efficient scale is 8 units.
Answer: collaborative filtering
Explanation:
Collaborative filtering is a technique thta helps to filter out the things that a user can like base on how other identical users react. Here, a small sample of the people with similar taste will be chosen from a larger group.
When you view a selection at Amazon and see "Customers who bought this (item) also bought ...," you are seeing the application of collaborative filtering.
Answer: $1,300
Explanation:
Beginning Period for Utilities = $500
Ending Period for Utilities = $700
Expenses for the period = $1,500
Cash paid for the period =
$500 + $1,500 = $2,000
less ending period utilities bal =$700
= $2,000 - $700 = $1,300
Cash paid during the period is $1,300
Answer:
C. Waterway
Explanation:
The waterway is the mode of transportation used to transport goods over the water bodies across the globe to make transport convenient for covering a large distance. It is also considered a cheaper source of transportation in case heavier goods to transport to far distance. There are many water transport is used like; Ships, ferries, tug boats, sailboats, etc. and it travel over various bodies of water such as oceans, lake, canals, and rivers.
In the given case, Limestone is transported to Chicago's steel mills through upper great lakes.
<u>Answer:</u>
The given statement is TRUE
<u>Explanation:</u>
It has always been seen that a worker always prefer to work in an organization in which he gets highly paid whereas if it is seen from the company point of view, then the company always prefers to hire such an employee whose cost is compartively lesser. In order to lower the expense or the cost, multinational companies always prefers to give or allocate thier work to other countries where the labor cost is low.
