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Ellie wants to use Office 2011 for her catering business.For example, she plans to use Word to maintain her collection of recipes, and Excel to manage her budget.To get started, Ellie turns to you for help in understanding the components that appear in the Microsoft Word window.Ellie next asks you about the component located near the top of the window below the title bar.You explain that it provides easy, central access to the tasks performed while creating a document.What is the name of this component?
Average Total Cost
The total cost to produce a given quantity of output divided by the number of units produced, representing the per-unit cost of production.
Marginal Cost
The increase or decrease in the total cost that arises from producing one additional unit of a good or service.
Sales
The activity or business of selling goods or services, generating revenue for companies.
Implicit Costs
The opportunity costs of using resources owned by the firm for its own use rather than selling those resources.
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