Which of the Following Is the Best Example of a Long-Term

question 54

Short Answer

Which of the following is the best example of a long-term capacity cost for a trucking company? a. Performing tune-ups on older trucks.
B) Installing a GPS unit in each truck to monitor efficient routes and fuel efficiency in order to serve more customers on a daily basis.
C) Changing the oil annually in each delivery truck.
D) Replacing torn seats in several of the trucks in which truckers have complained

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Definitions:

Consumer Demand Curve

illustrates the relationship between the price of a good or service and the quantity demanded by consumers over a period, typically showing an inverse relationship.

Diminishing Marginal Utility

The principle that says the additional satisfaction a consumer gains from consuming one more unit of a good or service will lessen with each additional unit consumed.

Marginal Utility

Marginal utility is the additional satisfaction or utility that a consumer derives from consuming one more unit of a good or service.

Marginal Utility

This term refers to the additional satisfaction or utility gained by consuming one more unit of a good or service.