Difference Between Sector Sparing and Sector Slipping Is

question 36

Multiple Choice

Difference between sector sparing and sector slipping is

• A) sector sparing uses spare sectors while sector slipping does not.
• B) sector sparing results in copying of a single sector while sector slipping may result in copying of multiple sectors.
• C) sector sparing can help recover from hard errors while sector slipping cannot.
• D) sector slipping can help recover from hard errors while sector sparing cannot.

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Definitions:

ATC

Average Total Cost, which is the total cost of production divided by the quantity of output produced, encompassing both fixed and variable costs.

Plant Size

The physical capacity or output potential of a manufacturing or production facility.

Implicit Cost

The opportunity cost of using resources already owned by the firm for its current purpose, rather than their next best alternative use.

Economic Profits

The surplus remaining after total costs (both explicit and implicit) are subtracted from total revenues, often indicating the financial health and efficiency of a company.