Freisha Intends to Learn Cooking but Is Confused About the Type

question 133

Multiple Choice

Freisha intends to learn cooking but is confused about the type of cuisine she aims to learn.According to the steps in problem solving,the first step that must be taken by her is to

• A)evaluate the solutions.
• B)develop good problem-solving strategies.
• C)find and frame the problem.
• D)rethink and redefine the problem.

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Definitions:

Fixed Costs

Expenses that do not vary with the level of output or sales, such as rent, salaries, and insurance.

Marginal Costs

The hike in total financial outlay required for the fabrication of one additional unit of a product or service.

Variable Costs

Costs that change in proportion to the level of production or business activity, such as raw materials and direct labor expenses.

Average Total Cost

The total cost of production divided by the quantity of output produced.