The Data Below Are for a Competitive Business (Price-Taker) A)six Units with Profit of $300

question 130

Multiple Choice

The data below are for a competitive business (price-taker) .If the market price is $1,100 per unit,the company should $\begin{array}{rrrrr}&\text { Average } & \text { Average } & \text { Average }\\\text { Output}& \text {Fixed Costs}& \text {Variable Costs}& \text {Total Costs} &\text {Marginal Cost }\\\hline0&\$ 3,000\\1 & \$ 3,000 & \$ 900 & \$ 3,900 & \$ 900 \\2 & \$ 1,500 & \$ 800 & \$ 2,300 & \$ 700 \\3 & \$ 1,000 & \$ 700 & \$ 1,700 & \$ 500 \\4 & \$ 750 & \$ 600 & \$ 1,350 & \$ 300 \\5 & \$ 600 & \$ 500 & \$ 1,100 & \$ 100 \\6 & \$ 500 & \$ 550 & \$ 1,050 & \$ 800 \\7 & \$ 429 & \$ 600 & \$ 1,029 & \$ 900 \\8 & \$ 375 & \$ 650 & \$ 1,025 & \$ 1,000 \\9 & \$ 333 & \$ 700 & \$ 1,033 & \$ 1,100 \\10 & \$ 300 & \$ 750 & \$ 1,050 & \$ 1,200\end{array}$

• A)six units with profit of $300.
• B)six units with profit of $3,300.
• C)nine units with profit of $600.
• D)nine units with profit of $3,600.

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Definitions:

Fastest Growth

The highest rate of expansion in size, production, or market share experienced by an entity over a specific period.

Corporate Joint Ventures

A strategic alliance between two or more businesses that agree to share resources, risks, and rewards to pursue common objectives.

Mergers and Acquisitions

The process of combining two or more companies into one or purchasing one by another to enhance strength and efficiency.

Employee Behaviour

The actions and conduct of individuals in the workplace, influenced by various factors like organizational culture, policies, and leadership.