Refer to the Information Provided in Table 8 -Refer to Table 8

question 352

Multiple Choice

Refer to the information provided in Table 8.5 below to answer the question(s) that follow.
Table 8.5
$$\begin{array} { c c c c c c c c } \hline \begin{array} { c } \text { Number of } \\\text { Swords }\end{array} & \text { TVC } & \text { MC } & \text { AVC } & \text { TFC } & \text { TC } & \text { AFC } & \text { ATC } \\\hline 0 & & & & & 50 & \\\hline 1 & & 25 & & & & & \\\hline 2 & & & & & &&47.50 \\\hline 3 & & & 23.33 & & & \\\hline 4 & & & & & 150 & & \\\hline 5 & 135 & & & & & & \\\hline\end{array}$$
-Refer to Table 8.5. Assume that Phoebe is producing swords in a perfectly competitive market and the market price for swords is $30. To maximize profits Phoebe should produce ________ swords.

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

---

Definitions:

Less Pay

A situation where an individual or group receives lower wages or salary compared to others, often relating to disparities or injustices in employment.

Stopwatch

A handheld timepiece designed to measure the precise amount of time elapsed from its activation to deactivation.

Shop Floor

The area in a factory where workers are engaged in the physical production of goods or manufacturing.