Which of the Following Statements Expresses an Interest, as Opposed

question 1

Multiple Choice

Which of the following statements expresses an interest, as opposed to a demand:

• A) We are concerned about job security; we need a ban on contracting out.
• B) We must reduce costs by reducing the time spent on training.
• C) We need to prevent repetitive strain injury.
• D) We must increase productivity; we have to have technological change.
• E) b and c

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Definitions:

Total Variable Cost

The total of all costs that vary with the level of output, including materials, labor, and other expenses that increase as production increases.

Total Cost

The sum of fixed cost and variable cost.

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.