Answer:
A. average total cost is rising.
Explanation:
Whenever marginal cost is more than average cost it means it costs more to produce a unit now compared to the average cost of the previous units. Lets assume that a company produces 3 units of a good.
The first unit costs $1
The second unit costs $2
The third unit costs $3.
The average cost is (1+2+3)/3=2
Now if the marginal cost for producing a unit is more than the average cost for example if the marginal cost is 4, then this will mean that average total cost is rising. we can mathematically check this.
The first unit costs $1
The second unit costs $2
The third unit costs $3.
The fourth unit costs $4
Average cost= (1+2+3+4)/4=10/4=2.5
Here we see that the average cost increased from 2 to 2.5 because marginal cost was greater than average cost.
Answer: B. D) are not materially different from ethical principles in general.
Explanation:
Ethical Principles are Ethical Principles. It doesn't really matter what context they are being applied to for they are a standard thing with reference of course, to the society the business is based in. For this reason Business Ethics are not materially different from general ethics.
Business Ethics are usually a reflection of the norms and cultures of the society they are based in. Think of it like this, if a company is based in a certain place and adheres to principles that are different from what is considered ethical in that society, do you think that company will be very profitable? I think not. Business Ethics are therefore based on General ethics with an immaterial difference.
REALITIES
Losing money and working long hours are realities for an entrepreneur.
Starting a business is very challenging. You must be financially sound and very brave to overcome obstacles that may stop you from being successful as an entrepreneur.
That is why business proposal and studies are done to see whether starting up a business is a good and profitable idea in any given environmental factors.
When firms compete by offering unique product features rather than competing on price, <u>non-price competition</u> occurs; it is when businesses employ tactics to boost sales and market shares without lowering prices.
What is non-price competition?
In non-price competition, a company "seeks to distinguish its product or service from competing items on the basis of features like design and workmanship," according to a marketing strategy. Because it exists between two or more producers who sell goods and services at the same prices but seek to expand their respective market shares by non-price factors like marketing strategies and higher quality, it frequently happens in imperfectly competitive markets.
Types of Non-Price Competition:
Marketing involves a range of approaches (based round the 4Ps), including product differentiation, advertising, promotion and distribution
Learn more about non-price competition here:
brainly.com/question/12297704
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The best speed limit for driving is a constant speed of 40 because you can stop and easier
