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

question 121

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 $15, this firm should produce ________ units of output to maximize profits.

• A) three
• B) four
• C) five
• D) six

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Definitions:

Affective Outcomes

Results relating to changes in feelings, attitudes, or emotional areas of an individual after undergoing a training or learning process.

Workplace Learning

The process of acquiring skills and knowledge through work experiences, which contribute to an individual's professional development.

Formal Training Programs

Structured educational or training sessions designed to enhance specific skills or knowledge within a professional setting.

Social Interactions

Exchanges between two or more individuals, involving communication, the sharing of information, or other interpersonal activities.