Refer to the Information Provided in Table 8 $\text {Number of}$

question 331

Multiple Choice

Refer to the information provided in Table 8.2 below to answer the question(s) that follow.
Table 8.2 $\text {Number of}$

$\begin{array}{llllllll}\text {Earrings}&\text { TVC}&\text { MC }&\text {AVC}&\text { TFC }&\text {TC}&\text { AFC}&\text { ATC}\\\hline0 & & & & &100 & \\1 & & 50 & & & \\2 & & & & & &&95 \\3 & & & 46.67 & & \\4 & & & & &300 & \\5 & 270 & & &\\\hline\end{array}$

-Refer to Table 8.2. If Sherry produces two pairs of earrings, her marginal cost is

• A) $40.
• B) $45.
• C) $72.50.
• D) $122.50.

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Definitions:

Resource Inputs

The materials, labor, and capital that are invested into a system or process to produce goods or services.

Finished Goods

Products that have completed the manufacturing process and are ready for sale or distribution to customers.

Critical Survival Skills

Essential capabilities or proficiencies necessary for individuals or organizations to effectively navigate challenges and maintain viability in their environment.

New Workplace

A term often used to describe a restructured, redesigned, or newly established work environment designed to increase efficiency, productivity, or employee satisfaction.