The Cause-And-Effect Diagram,developed by Kaoru Ishikawa,assists Problem Solving by Visually

question 113

Short Answer

The cause-and-effect diagram,developed by Kaoru Ishikawa,assists problem solving by visually depicting effects and their possible causes.Because of its appearance,it is sometimes called a ____________________.

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Definitions:

Unit Cost

The expenditure associated with creating, storing, and selling a single unit of a particular product or service by a business.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that suppliers are willing to offer for sale at that price.

Marginal Cost Curve

A graphical representation that shows how the cost of producing one more unit of a good varies with the quantity of the good produced.

Average Variable Cost

Average variable cost is the total variable costs divided by the quantity of output produced, showing the variable cost per unit of output.