If Jakob, Who Runs a Sports Jersey Assembly Factory, Knows

question 115

Multiple Choice

If Jakob, who runs a sports jersey assembly factory, knows the marginal cost of producing the seventh sports jersey is $21, then the total cost of seven sports jerseys is:

• A)$21.
• B)$60.
• C)$147.
• D)The answer cannot be determined from the information provided.

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Definitions:

BVI

An abbreviation often denoting the British Virgin Islands, but it can have other meanings in different contexts; without specific context, its definition is not clear.

Profit

The financial gain obtained when the revenue from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Costs Money

Costs money is a term indicating that something requires payment or expenditure to obtain or maintain.

Return on Impressions Model

A method used to evaluate the effectiveness of advertising by calculating the returns generated from every impression made on the target audience.