Solve the Problem $$\begin{array} { l l l l l l l l } \$ 116 & \$ 479 & \$ 144 & \$ 606 & \$ 369 & \$ 252 & \$ 317 & \$ 492\end{array}$$

question 122

Multiple Choice

Solve the problem.
-Jeremy called eight appliance stores and asked the price of a specific model of microwave oven. The prices quoted are listed below: $$\begin{array} { l l l l l l l l } \$ 116 & \$ 479 & \$ 144 & \$ 606 & \$ 369 & \$ 252 & \$ 317 & \$ 492\end{array}$$

• A) $490
• B) $116
• C) $479
• D) $108

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Definitions:

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, characterized by a reduction in the per-unit cost as production increases.

Industrial Regulation

Laws and regulations that control how businesses can operate in certain industries to protect public safety, health, and the environment.

Economic Reason

Economic reason involves the rationale or logical basis behind economic decisions, focusing on the optimization of resource use to achieve specific monetary or utility outcomes.

Foreign Competition

The presence and influence of international companies in domestic markets, challenging local businesses.