Answer:
The answer is C. architecture and construction industry demonstrating a sustainable level of growth
The average cost curve and the variable revenue curve are two lines which intersect at level of output when the firm is supplying and that business is earning zero economic profits.
If the price which the firm is charging from customer is higher than its average cost of production for the quantity of the goods produced, then the firm will earn profits to a large extent.
Conversely, if the price which is charged by the firm is lower than its average cost of production, the firm will suffer losses.
Thus when the cost is equal to the revenue of the firm it means there is no profit at all. At this level the average cost curve will intersect the revenue curve.
To know more about marginal cost curve here:
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Personal ethics
Explanation:
Personal ethics applies to the ethics that a person who identifies with in respect to the people and circumstances that they contend with in everyday life. Professional ethics means the ethics a person has to adhere to in relation to their professional relationships and business transactions.
The principles of personal ethics are:
- Concern and respect for the autonomy of others.
- Honesty and the willingness to comply with the law.
- Fairness and the ability not to take undue advantage of others.
Ethics also shield members from harmful actions, such as success, money and power. They also help individuals gain a sense of truth and meaning of life. Unless you have some idea of knowing what is right and what is wrong people have no way to live and feel free to do whatever they want.
An ethical culture community offers a culture that supports the ethical conduct of the organization's members. Unethical conduct is any activity of a member who does not comply with the standards established by the organization's culture.
