Refer to the Data Provided in Table 9 -Refer to Table 9

question 41

Multiple Choice

Refer to the data provided in Table 9.1 below to answer the question(s) that follow.
Table 9.1 $$\begin{array} { l l l l l l l } \text { q } & \text { TFC } & \text { TVC } & \text { TC } & \text { MC } & \text { AVC } & \text { ATC } \\\hline 0 & \$ 50 & \$ 0 & \$ 50 & - - & - - & - - \\1 & 50 & 20 & 70 & 20 & 20 & 70 \\2 & 50 & 30 & 80 & 10 & 15 & 40 \\3 & 50 & 45 & 95 & 15 & 15 & 31.67 \\4 & 50 & 62 & 112 & 17 & 15.50 & 28 \\5 & 50 & 90 & 140 & 28 & 18 & 28 \\6 & 50 & 132 & 182 & 42 & 22 & 30.33 \\7 & 50 & 186 & 236 & 54 & 26.57 & 33.71 \\\hline\end{array}$$
-Refer to Table 9.1. If the market price is $42, then for this firm to maximize profits it should produce ________ units of output and its profits will be ________.

• A) five; $70
• B) six; $70
• C) six; $120
• D) seven; $58

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Definitions:

Task Functions

Actions or activities that contribute directly towards achieving the goals and objectives of a team or organization.

Team's Work

The collective effort and activities undertaken by a group of individuals working collaboratively towards a common goal or objective.

Counseling Sessions

Structured meetings between a counselor and client aimed at addressing personal issues, improving emotional well-being, and providing guidance and support.

Maintenance Functions

Activities or roles within a group or organization aimed at preserving social cohesion, motivation, and the well-being of its members.