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

question 15

Multiple Choice

Refer to the data provided in Table 9.3 below to answer the following question(s) .
Table 9.3
$$\begin{array} { c c c c c c c } \text { q } & \text { TFC } & \text { TVC } & \text { TC } & \text { MC } & \text { AVC } & \text { ATC } \\\hline 0 & \$ 100 & \$ 0 & \$ 100 & - - & - - & - - \\\hline 1 & 100 & 40 & 140 & 40 & 40 & 140 \\\hline 2 & 100 & 60 & 160 & 20 & 30 & 80 \\\hline 3 & 100 & 90 & 190 & 30 & 30 & 63.33 \\\hline 4 & 100 & 124 & 224 & 34 & 31 & 56 \\\hline 5 & 100 & 180 & 280 & 56 & 36 & 56 \\\hline 6 & 100 & 264 & 364 & 84 & 44 & 60.67 \\\hline 7 & 100 & 372 & 472 & 108 & & 67.43 \\\hline\end{array}$$
-Refer to Table 9.3. The shutdown point price for this firm is

• A) $0.
• B) $20.
• C) $30.
• D) $56.

---

Definitions:

Standard

An established norm or requirement in technical systems, often used to ensure consistency, compatibility, and safety in products and processes.

Labour Standards

Regulations and criteria established to ensure safe and fair working conditions for employees.

Skills

denotes the abilities or expertise that individuals possess, which enable them to perform tasks effectively, acquired through training or experience.

Job

A task or set of tasks performed as part of a larger operation or project, often associated with employment or labor.