Use the Following to Answer Question

question 10

Multiple Choice

Use the following to answer question:
-(Table: Total Cost and Output) Use Table: Total Cost and Output,which describes Sergei's total costs for his perfectly competitive all-natural ice cream firm.If the market price of a tub of ice cream is $50,how much is Sergei's profit at the profit-maximizing output?

• A)$680
• B)$330
• C)$150
• D)$40

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Definitions:

Locally Responsive

A strategy where a company adapts its products, services, and business practices to meet the needs and preferences of local markets.

Global Strategy

A business strategy that involves operating in multiple countries and coordinating marketing, operations, and finance activities to achieve global objectives.

Problem Solving

The process of identifying a problem, finding effective solutions, and implementing those solutions to address complex issues or challenges.

Exporting

Sending goods or services out of a company’s home country.