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Term1/13
What is marginal cost
Definition1/13

Marginal cost is the change in total cost incurred by adding 1 more unit of output to production.

the amount a firm's costs change when an additional good or service is produced.

Term1/13
Which instrument is sometimes used by a symphony orchestra to set the pitch for the other instruments in the orchestra
Definition1/13

oboe

Term1/13
Which oval-shaped instrument is sometimes referred to as a sweet potato
Definition1/13

It is called an 'Ocarina'.

Term1/13
There are over twenty different types of which instrument created by John Denner in the Early 1700s
Definition1/13

The Clarinet.

Term1/13
Woodwind instruments does not use bellows as a source of air
Definition1/13

ocarina. :]

Term1/13
Why must firms make decisions about which goods they will produce
Definition1/13

because firms have access to limited resources of land, labor, and capital

Term1/13
What is typically the most efficient ratio of labor to capital
Definition1/13

equal amounts of labor and capital

Term1/13
What is the point at which producers and consumers agree on a price to sell and buy
Definition1/13

market

Term1/13
Once a firm knows what it should produce what must it then decide
Definition1/13

how it will produce the goods or services

Term1/13
What is a major factor in the decision buying process
Definition1/13

Rate of depriciation

Term1/13
During which phase in the process must a firm allocate its factors of production
Definition1/13

i dont know the damn answer thats why i ask

Term1/13
A firm is producing a line of designer silk ties what is its target market
Definition1/13

middle-aged men

Term1/13
A firm is dependent on which of these to help it make decisions about production
Definition1/13

consumer taste

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Cards in this guide (13)
What is marginal cost

Marginal cost is the change in total cost incurred by adding 1 more unit of output to production.

the amount a firm's costs change when an additional good or service is produced.

Which instrument is sometimes used by a symphony orchestra to set the pitch for the other instruments in the orchestra

oboe

Which oval-shaped instrument is sometimes referred to as a sweet potato

It is called an 'Ocarina'.

There are over twenty different types of which instrument created by John Denner in the Early 1700s

The Clarinet.

Woodwind instruments does not use bellows as a source of air

ocarina. :]

Why must firms make decisions about which goods they will produce

because firms have access to limited resources of land, labor, and capital

What is typically the most efficient ratio of labor to capital

equal amounts of labor and capital

What is the point at which producers and consumers agree on a price to sell and buy

market

Once a firm knows what it should produce what must it then decide

how it will produce the goods or services

What is a major factor in the decision buying process

Rate of depriciation

During which phase in the process must a firm allocate its factors of production

i dont know the damn answer thats why i ask

A firm is producing a line of designer silk ties what is its target market

middle-aged men

A firm is dependent on which of these to help it make decisions about production

consumer taste

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