The Origins of HRD Can Be Traced To

question 88

Multiple Choice

The origins of HRD can be traced to:

• A)Factory schools
• B)Universities
• C)Apprenticeship programs
• D)Boston's first technical school

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Definitions:

Marginal Cost Curve

A graphical representation showing how the cost to produce one additional unit of a good changes as production increases.

Average Total Cost (ATC)

The total cost of production (fixed and variable costs) divided by the total quantity of output produced.

Marginal Cost (MC)

Marginal cost is the increase in total cost that arises from producing one additional unit of a product or service.

Marginal Revenue (MR)

The enhanced earnings from distributing an additional unit of a good or service.