Question
Choose the item that best describes the economic characteristics of Average Cost. The cost of including one extra child in a day-care center. The cost
Choose the item that best describes the economic characteristics of Average Cost.
The cost of including one extra child in a day-care center. | ||
The cost of merchandise inventory purchased five years ago. The goods are now obsolete. | ||
The cost of feeding 300 children in a public school cafeteria is $450 per day, or $1.50 per child per day. | ||
The management of a high-rise office building uses 3,000 square feet of space in the building for its own administrative functions. This space could be rented for $30,000. | ||
The cost of building an automated assembly line in a factory is $700,000; a manually operated assembly line would cost $250,000. |
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