Answer: <u><em>Addition to existing product line.</em></u>
<em>Since, the new product is a spicier version of its tomato ketchup aimed at the baby boomer market. But still it lie in accordance with the existing product line.</em>
<em>The product line denotes the unit of affiliated commodities all marketed under a single brand name which is further is sold by the same organization. Establishments sell several product lines under several brand names, looking to differentiate each other.</em>
<u><em>Therefore, the correct option is (d).</em></u>
Answer: Demand Schedule
Explanation: A schedule is a table that lists quantity and price of a good. Since, here it is given quantity of a good that a person will buy we are referring to a single individual. So, the table which lists quantity for a good demanded by a single individual at different prices is given by an <em>individual demand schedule</em>.
U need to provide the options we can pick from please
Answer: A firm should not continue production when its MR is lower than its AVC.
Explanation:
The goal of every firm is to minimize cost and also maximize profits and therefore the firm will operate at the output level where the marginal revenue and the marginal cost equates.
A firm should not continue production when its MR is lower than its AVC. Here, the firm will incur a higher loss during production as producing will not offset the variable cost. Therefore, it's better to shut down.