The average cost is known as unit cost. It is equal to total cost divided by the number of goods produced. If Average variable costs are increasing while average total costs are decreasing, then marginal cost must lie between average variable and average total costs.
- The Marginal cost of an item is simply known as the increase in cost that accompanies a unit increase in output.
The relationship that exist between Average total costs and Marginal cost is that:
- When there is a decrease in average cost, the marginal cost is then less than the average cost.
- When the average cost increases, the marginal cost will then be greater than the average cost.
- When the average cost remains unchanged (is at a minimum or maximum), the marginal cost is equals the average cost.
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Answer:
Workers
Explanation:
Fredrick Winslow Taylor's Time and motion study was an observation of work done by a group of workers in a specific time period using a stopwatch. The time taken to complete the task was recorded to see the productivity of the workers in a industry.
How the workers performed when there is a repetitive work cycles for long or short duration or when variety of different kinds of work are done by the workers in a given time period.
Answer:
because they want money why else
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Explanation:
Answer:
United States can set up plants in China to avoid high tariffs
