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

question 340

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 three pairs of earrings, her total variable costs are

• A) $26.67.
• B) $140.
• C) $175.
• D) $225.

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Definitions:

Preconscious Level

A psychological term for thoughts and feelings not immediately in consciousness but that can easily be brought to mind.

Need Awareness

The recognition by consumers that they have a specific unmet need.

Consumer

An individual who purchases goods and services for personal use.

Benefit Selling

A sales technique focused on communicating the advantages and positive outcomes a customer will gain from purchasing a product or service.