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It Began as a Simple Macro That Would Extract Grades

question 27

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It began as a simple macro that would extract grades and post them on a web site,but once the web programmer began the work,he became obsessed with various charting features,grade summaries,and reports that could be added to make this the grandest web site in the tri-county area.As 2 hours of programming work grew to 20 and then 80,he knew that the client wouldn't be happy with the cost overrun.The only comment he mumbled as he finished his work was:


Definitions:

Inputs

Resources such as labor, materials, and capital that are used in the production process to create goods or services.

Average Total Cost

The total cost divided by the quantity produced, calculating the per-unit cost of production.

Variable Cost

Charges that adjust in alignment with the volume of production or output levels.

Total Cost

The sum of fixed and variable costs incurred in the production of goods or services.

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