Decent Donuts -Use the Data in the Table Above and Suppose That

question 289

Multiple Choice

Decent Donuts

-Use the data in the table above and suppose that labor is the only variable factor of production. When 122 dozen donuts are produced at Decent Donuts, the MC curve

• A) has a positive slope.
• B) shows the effect of increasing marginal returns.
• C) Both answers A and B are correct.
• D) Neither answer A nor B is correct.

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Definitions:

Operating Cost

Expenses associated with the day-to-day functioning of a business, such as rent, utilities, and payroll.

Technological Efficiency

The optimal use of technology to maximize output or outcomes with minimal waste, effort, or expense.

Workforce

The group of individuals engaged in or available for work, either in a specific region or within a particular industry or organization.

External Monitoring

The process of assessing external conditions or performance metrics to inform decision-making or strategy.