Scarce resources are those resources that have limited availability in combination with greater productive uses. Time is a scarce resource as well as all have limited time in our life. In addition, out of the limited time we have, a significance portion of that time is spent on unproductive tasks such as sleeping, bathing among other tasks. As more and more time is spent on a given activity the opportunity cost of that activity in terms of other activities rises. Opportunity cost in this case is the benefit that a person could have received by involving himself in a given task, but gave up to take up another task.
Average total cost is minimized at 10 units of output.
As per the relationship between the two, at such a point average cost is the lowest and after that, from the next unit onwards it starts rising.
<h3>By marginal cost, what do you mean?</h3>
The term "marginal cost" describes the rise in manufacturing costs brought on by the creation of more product units. A different name for it is the marginal cost of production. Businesses may evaluate how volume produced affects cost and, eventually, profitability by calculating the marginal cost.
<h3>What does "total average cost" mean?</h3>
The average total cost is calculated by dividing the total cost of production by the total output. In other words, the average cost is the sum of the firm's total fixed and variable costs divided by the sum of the units it produces.
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Answer:
The answers are Letters D and E.
Explanation:
The resulting report on the vulnerability scan should include some reference that the scan of the datacenter included 27 Win2003SE machines that should be scheduled for replacement and deactivation.
Remediation of all Win2003SE machines requires changes to configuration settings and compensating controls to be made through Microsoft Security Center's Win2003SE Advanced Configuration Toolkit.
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Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Your goal is to have $15,000 in your bank account by the end of four years. The interest rate remains constant at 4% and you want to make annual identical deposits.
<u>End of the year:</u>
To calculate the annual deposit, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (15,000*0.04) / [(1.04^4) - 1]= $3,532.35
<u>Beginning of the year:</u>
A= {(FV*i)/ {[(1+i)^n] - 1]} / (1+i)
A= 3,532.35/ 1.04= $3,396.49
The difference resides in the interest compounded. At the beginning of the year the interest compound for one more period.
