If a Firm's Long-Run Average Total Curve Shows That It

question 81

Multiple Choice

If a firm's long-run average total curve shows that it can produce 5,000 DVDs at an average cost of $2.00 and 15,000 DVDs at an average cost of $1.50, this is evidence of

• A)diminishing returns.
• B)economies of scale.
• C)diseconomies of scale.
• D)the law of supply.

Understand the importance of conducting a needs analysis before designing training programs and be able to articulate the outcomes of such an analysis to stakeholders.

Identify conditions under which training is the most suitable solution to performance issues.

Differentiate between cognitive task analysis and team task analysis.

Understand the importance and impact of ethical considerations in business decision-making.

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Definitions:

Yield Per Acre

The amount of a particular crop produced on a single acre of land.

Wheat

Wheat is a cereal grain, originally from the Levant region of the Near East but now cultivated worldwide, a staple food used to make flour for breads, pasta, and other foods.

Opportunity Cost

The cost of a missed opportunity; the value of the best alternative that one gives up when making a decision.

Frozen Foods

Food products that have been preserved through freezing to extend shelf life and retain nutritional value.