Provide a Critical Assessment of the Following Comparative General Claim

question 124

Essay

Provide a critical assessment of the following comparative general claim:
The office has become more productive since we changed from independent workstations to networked computers, although it took a while for the staff to learn how best to make use of the change.

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Definitions:

ATC

Average Total Cost; the total cost of production (fixed and variable costs combined) divided by the number of units produced.

Price Charged

The amount of money a buyer has to pay to acquire a product or service from a seller.

Marginal Revenue

The revenue that a company gains by selling an additional unit of a product, indicating the income effect of increasing output by one unit.

Marginal Cost

The additional financial burden of creating another unit of a product or service.