Firm ABC Is Currently Producing 80 Units of Output at a Total

question 88

Essay

Firm ABC is currently producing 80 units of output at a total cost of $12,000.Customer B is willing to offer Firm ABC $2,200 to produce 8 more units.Firm ABC's average cost of producing 88 units is $160.Should Firm ABC accept the offer?

Understand the principles of osmosis and the movement of water in and out of cells.

Describe the mechanisms of salt and water balance in marine and freshwater organisms.

Explain the process of excretion and the role of excretory organs.

Distinguish between different types of nitrogenous wastes and their solubility and toxicity.

---

Definitions:

Total Number

The cumulative count of all elements or instances within a specific set or collection.

Upper Class Limits

The maximum value within a class interval in a frequency distribution, where classes are used to group data.

Class Width

In statistics, the difference between the upper and lower boundaries of a class interval in a frequency distribution.

Categorical Data

Data that represent categories - qualitative data that can be divided into group or categories.