Explain, why the graph of the total cost function is always above the x-axis and, can never move downward as you go from left to right. a) Because the total cost includes the cost of all previously made items and it increases when more items are made. b) Because the total cost includes the cost of all previously made items and it decreases when more items are made. c) Because the total cost includes fixed cost and it increases when more items are made. d) Because the total cost includes variable cost and it increases when more items are made. Is the same thing true of the graph of the average cost function? a) It is true because the average cost can increase as more items are made. b)It is true because the average cost can decrease as more items are made. c) It is not true because the average cost can decrease as more items are made. d) It is not true because the average cost can increase as more items are made.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Explain, why the graph of the total cost function is always above the x-axis and, can never move downward as you go from left to right.
a) Because the total cost includes the cost of all previously made items and it increases when more items are made.
b) Because the total cost includes the cost of all previously made items and it decreases when more items are made.
c) Because the total cost includes fixed cost and it increases when more items are made.
d) Because the total cost includes variable cost and it increases when more items are made.
Is the same thing true of the graph of the average cost function?
a) It is true because the average cost can increase as more items are made.
b)It is true because the average cost can decrease as more items are made.
c) It is not true because the average cost can decrease as more items are made.
d) It is not true because the average cost can increase as more items are made.
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