Exhibit 21-2 ​

question 243

Multiple Choice

Exhibit 21-2
​

-Refer to Exhibit 21-2. What is the average total cost of producing 140 units of output?

• A)$1.79
• B)$7.33
• C)$4.23
• D)$10.00
• E)There is not enough information provided to answer the question.

---

Definitions:

Markets

Places or systems where parties engage in exchange of goods, services, or information, often determined by supply and demand.

Annual Report

A comprehensive report on a company's activities throughout the preceding year, intended to give shareholders and other interested parties information about the company's performance and financial health.

Shareholder Letter

A written communication, often included in annual reports, from a company's executive to its shareholders, outlining the firm's performance, challenges, and future prospects.

Stock Exchanges

Centralized platforms where stocks and other securities are bought and sold.