Computer Basics Offers Three Types of On-Line Basic Computer Training

question 119

Multiple Choice

Computer Basics offers three types of on-line basic computer training: Office, Web Design, and Programming.In the past, for every 20 students who sign up for training, 10 take the Office, 6 take Web Design, and 4 take Programming.Compute Basics has calculated a breakeven point of 1,200 courses.How many of the 1,200 courses will be Office?

• A)30
• B)60
• C)300
• D)600

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Definitions:

Minimum-Cost Output

The quantity of output at which the average total cost is lowest—the bottom of the U-shaped average total cost curve.

Perfectly Competitive

refers to a market structure where there are many buyers and sellers, all selling identical products, with no single market participant being able to influence the market price.

Monopolistically Competitive

A market structure characterized by many firms selling similar but not identical products, with some degree of market power.

Total Broccoli Output

The aggregate amount of broccoli produced over a specified period of time.