Choose the Correct Statement

question 99

Multiple Choice

Choose the correct statement.

• A)When marginal product of labour is greater than average product of labour and marginal product is either increasing or decreasing average product of labour is increasing.
• B)When total product is increasing average product of labour and marginal product of labour are both increasing.
• C)When marginal product of labour is greater than or equal to average product of labour,average product of labour is increasing.
• D)When marginal product of labour is increasing,average product of labour is greater than marginal product of labour.
• E)When total product is increasing,average product of labour is decreasing and marginal product of labour is increasing.

Comprehend the importance of a social media presence for companies and consumer expectations related to it.

Realize the role of digital video content in enhancing organic search rankings.

Understand how social media can foster deep customer relationships and positive brand communication.

Grasp the concepts of earned media and its impact on brand reputation through public relations efforts.

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Definitions:

Variable Costs

Costs that change in proportion to the level of production or activity within a business, such as materials and labor costs.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales activities, such as rent, salaries, and insurance.

Selling Price

is the amount of money for which a product or service is sold to customers.

Breakeven Analysis

It's a financial calculation to determine when a project or business will be able to cover all its costs and begin to make a profit.