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NEW QUESTION: 1
If a firm's average per-unit costs fall as it produces a larger output, then
A. average variable cost must also decline as output expands.
B. marginal cost must be less than average total cost.
C. marginal cost must also decline as output expands.
Answer: B
Explanation:
Average total costs increase when marginal costs are greater than average total costs.
Assume the following costs: Fixed cost = 100. The marginal cost of the first unit of output equals $10
(MC1), the marginal cost of the second unit of output equals $12 (MC2), MC3 = 14. Total costs for three units of output equals FC + VC which here equals $100 + ($10 + $12 + $14) which equals $136. Average total costs equals $136/3 or $45.333. If MC4 = $16 which is smaller than average total cost the average total cost will decline. Thus, total cost becomes $136 + $16 = $152 thus making average total cost equal
$ 152/4 or $38. Thus, when marginal cost is smaller than average total cost, the average total cost will decline.

NEW QUESTION: 2
A user has called in a helpdesk ticket about their monitor not powering on but their PC does. Which of the following would be the FIRST thing the technician would check?
A. Power cable
B. Power settings
C. Video settings
D. Video cable
Answer: A

NEW QUESTION: 3
Characteristics that cause customers to consider a company's products or services are called:
A. order qualifiers.
B. product specifications.
C. order winners.
D. product configurations.
Answer: A

NEW QUESTION: 4
You pass some data from a process variable as a parameter into a human task. At a later time, the variable is then updated in a parallel stream of execution in the BPEL process while the human task is still executing before it is actioned by the assignee.
What does the assignee see after opening the task in the workspace and looking at the parameter?
A. It is not possible to determine what the assignee sees from the information provided.
B. The parameter contains the values of the process variable as it was when the task was created.
C. The parameter contains the values of the process variable as it is at the current time (that is, when the user opened the human task in the workspace).
D. The parameter is empty and the task must be restarted to pick up the new values of the process variable.
Answer: D