Spreadsheets are personal application software that includes a wide range of built-in functions for statistical, financial, logical, database, graphics, and date and time calculations. It is an application or program that is designed for analysis, organization and storing of data in a table form. It functions on data that are entered in the cells of a table where the cells can contain numeric or text values. In this program, you can input equations and relate cells in order to do automatic calculation. It helps in processing a large number of data since you can easily copy and execute functions and equations.
Experiences constant returns to scale as a result, his long-run average total cost curve should be Horizontal.
A fee curve is a graph of the expenses of manufacturing as a function of overall amount produced. In a unfastened market economy, productively green companies optimize their production procedure with the aid of minimizing price constant with each feasible degree of manufacturing, and the end result is a price curve.
Average overall cost is calculated by way of dividing total value by way of the total quantity produced. The common total price curve is commonly U-fashioned. average variable cost is calculated by dividing variable fee with the aid of the quantity produced.
Cost curves are a beneficial tool to research company behavior. In most cases, we are able to observe properties of price curves, The marginal price curve ultimately rises as output increases, the average overall price curve is U-shaped, and the marginal value curve intersects the average total curve at its backside.
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When moving up along an existing supply curve all variables other than price are held constant
Answer:
B. Step 4, Develop the Plan
Explanation:
Step 4: Plan Development
Develop and Analyze Courses of Action
This step is a process of generating, comparing, and selecting possible solutions for achieving the goals and objectives identified in Step 3. Planners consider the requirements, goals, and objectives to develop several response alternatives. The art and science of planning helps determine how many solutions or alternatives to consider; however, at least two options should always be considered.