Two Statements Are Given

question 9

Multiple Choice

Two statements are given. Identify the statement for which a ratio of the measurements is meaningful. State "Neither" or "Both" if appropriate.
-1 - Kasheta ran the race in 22.3 sec, and Louisa ran the same race in 26.4 sec.
2 - Juan gets out of school at 2:45 PM, and Aito gets out of school at 3:15 PM.

• A)Juan gets out of school at 2:45 PM, and Aito gets out of school at 3:15 PM.
• B)Kasheta ran the race in 22.3 sec, and Louisa ran the same race in 26.4 sec.
• C)Neither
• D)Both

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Definitions:

Average Costs

The cost per unit of output, calculated by dividing the total cost of production by the number of units produced.

Constant-Cost Industry

An industry in which the cost per unit does not change as the industry's overall output changes.

Diseconomies of Scale

The condition in which a company or production process becomes less efficient as it grows larger, leading to increased costs per unit.

Long-Run Equilibrium

A state in which all factors of production and costs are variable, and firms make no economic profit or loss.