Good; it is making a profit.
Poorly; it is at the shutdown point.
Which statement below refers to the law of diminishing returns?
This is the spot on an indifference curve that maximizes utility, given budget constraints.
This states that the consumer's utility is dependent on different variables.
This is equivalent to the slope of an indifference curve.
After a certain point, the rate of utility decreases with each additional unit of an item consumed.
Which of the following statements is NOT true regarding process mapping?