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Asked: Nov 22nd, 2016
1) Your textbook provides an example of
the margin/average relationship. It asks you to consider to your cumulative GPA
and your next term GPA. Since GPA stands for grade point average, it is simply
the accumulation of all your letter grades and the corresponding credit hours.
For example, suppose you GPA this term is 3.0. This would be the cumulative GPA
since no final grades have been assigned. That also makes this the marginal
term and any grades you get this term are marginal grades that will affect your
cumulative GPA. If you ace your courses this term, then your marginal (or term
GPA) will be a 4.0, and will subsequently pull up your cumulative GPA. If you
get Cs this term, then your marginal GPA will pull down you cumulative GPA.
Hence, we see the margin leading the average.
List one example of a
2) Fill in the table below:
3) Which firm(s)
are experiencing economies of scale, diseconomies of scale, or
constant returns to scale?