Which of the Following Is the Most Likely Motive Behind

question 78

Multiple Choice

Which of the following is the most likely motive behind firms in the mining industry wanting to enter new foreign markets?

• A)access to natural resources
• B)availability of excessive non-skilled labor force
• C)increase in refining capacity
• D)payment of wages remain the same in both the new market as well as the existing market

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Definitions:

Fixed Cost

Costs that remain constant regardless of the level of production or sales, such as lease payments and salaries.

Quantity

The amount or number of a material or immaterial good considered as a unit or total.

Average Total Costs

The total cost of production (including both fixed and variable costs) divided by the number of units produced, representing the average expense per unit.

Marginal Cost

The price associated with the creation of one more unit of a product or service.