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

question 105

Multiple Choice

Refer to the information provided in Table 8.7 below to answer the following question(s) .
Table 8.7 $$\begin{array} { c c l r r } \begin{array} { c } \hline\text { Number of } \\\text { cruit Baskets }\end{array} & \text { TFC } & \text { TVC } & \text { TC } & \text { MC } \\\hline 0 & \$ 50 & \$ 0 & \$ 50 & - - \\1 & 50 & 10 & 60 & 10 \\2 & 50 & 15 & 65 & 5 \\3 & 50 & 21 & 71 & 6 \\4 & 50 & 31 & 81 & 10 \\5 & 50 & 46 & 96 & 15 \\6 & 50 & 68 & 118 & 22\\\hline \end{array}$$
-Refer to Table 8.7. Assume that fruit baskets are sold in a perfectly competitive market. The market price of a fruit basket is $22. To maximize profits, Exotic Fruit should sell ________ fruit baskets and their profit is ________.

• A) three; $5
• B) four; $7
• C) five; $14
• D) six; $14

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Definitions:

Accurate Information

Data or details that are correct, precise, and free of errors, providing a true representation of facts or reality.

Emotion

A complex psychological state involving an individual's subjective experience, physiological response, and behavioral expression.

Psychological Empowerment

The perception of having control over one's work environment, leading to increased motivation, job satisfaction, and performance.

Leader's Perspective

The viewpoint or attitude of a leader based on their values, beliefs, experiences, and aims concerning leadership and management.