Suppose the Total Cost of Producing T-Shirts Can Be Represented

question 50

Multiple Choice

Suppose the total cost of producing T-shirts can be represented as TC = 50 + 2q.The average cost of the 5th T-shirt is

• A) 2.
• B) 12.
• C) 52.
• D) 60.

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Definitions:

Optimal Number

The best or most efficient quantity to achieve a specific goal, often relating to production, inventory levels, or workforce sizing.

Souvenirs

Items purchased or obtained as a reminder of a particular place, event, or experience.

Demand Independence

The condition where the demand for one product does not directly affect the demand for another, allowing for independent forecasting.

Postponement

A supply chain strategy that delays the final assembly or customization of a product until the latest possible time to reduce inventory costs and increase flexibility.