Figure 8.4.2 -Refer to Figure 8.4.2 Above. the Figure Describes the Cost

question 124

Multiple Choice

Figure 8.4.2
-Refer to Figure 8.4.2 above. The figure describes the cost and revenue structure of a perfectly competitive coffee farm, on a per-unit basis. What is the profit maximizing number of sacks when the price of coffee in the market is $380 dollars?

• A) 6 sacks
• B) 14 sacks
• C) 22 sacks
• D) 14 or 22 sacks

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Definitions:

Workforce

The group of individuals who are currently employed or are available for employment, including both full-time and part-time workers.

Capacity Decision

Choices made by a company regarding the amount of resources it will commit to meet demand for its products or services.

Organization's Strategy

The comprehensive plan created by a business or organization to achieve its long-term goals and successfully operate in the competitive environment.

Effective Capacity

The maximum output level a facility can reasonably sustain under normal operating conditions.