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

question 248

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 lowest output this firm would produce before shutting down is ________ units.

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Budget Procedures

Budget Procedures are systematic processes used by organizations to create a budget, involving estimating revenues, expenses, and allocating resources for various functions.

Financial Budget

A plan for an organization's financial resources, detailing income and expenditures over a certain period.

Budget Process

The procedure for creating a budget, including planning, review, approval, implementation, and evaluation of financial plans.

Tandem Bicycles

Bicycles designed for use by two riders positioned one behind the other, requiring coordination for effective operation.