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You have been hired as a consultant to make recommendations for Smarty's,a healthy fast-food chain that is undergoing major expansion and is in need of a supply chain planning system.They are evaluating two commercially available software packages.What systems evaluation model will help them assess and compare the two packages? How does this model work?
Marginal Cost Curve
The marginal cost curve graphically represents the cost incurred in producing one additional unit of a good.
Average Fixed Cost
Represents the fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced.
Total Cost Curve
A graphical representation showing the total cost incurred by a firm at different levels of output.
Variable Input
An input in the production process that can be adjusted in the short term to change the level of output.
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