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

question 207

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. Assume that Sherry's Earrings is producing in a perfectly competitive market and the market price for earrings is $60. To maximize profits Sherry should produce ________ pairs of earrings.

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

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Definitions:

Voyeuristic Tendencies

The inclination towards gaining sexual pleasure from observing others, usually without their consent.

Canadian University

An institution of higher education and research located in Canada, offering undergraduate and postgraduate degrees in various fields.

Personal Virtues

Characteristics or qualities that are considered morally good and desirable in a person, such as honesty, compassion, and courage.

Attractive Person

A person who is found to be appealing or pleasing in appearance by others.