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

question 75

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 $15. To maximize profits, Exotic Fruit should sell ________ fruit baskets and their profit is ________.

• A) zero; $0
• B) two; -$35
• C) three; -$26
• D) five; -$21

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Definitions:

Responsibility

An obligation to perform or oversee tasks and duties effectively, often with an implication of accountability for the outcomes.

Conservative Shift

A change in a group's or individual's beliefs, attitudes, or policies towards more traditional or right-leaning ideologies.

Business Week

A magazine focused on business news, analysis, and commentary, often covering global economic trends.

Profit Margin

A financial metric that calculates the amount of earnings exceeding costs, often expressed as a percentage of revenue.