-The Table Above Gives the Cost of Producing T-Shirts

question 43

Multiple Choice

-The table above gives the cost of producing T-shirts. When 5 T-shirts are produced, the average fixed cost is ________ and the average variable cost is ________.

• A) $4; $10
• B) $10; $6
• C) $5; $3
• D) $4; $6

Analyze the implications of workforce diversity, such as age, on motivation strategies and reward systems.

Understand the basic principles of Keynesian and Classical macroeconomic theories.

Comprehend the relationship between aggregate demand, aggregate supply, and their impact on employment and output.

Identify the different ranges of the aggregate supply curve and their implications for economic policy.

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Definitions:

Sales

Sales refer to the transactions where goods or services are exchanged for money, representing the primary source of revenue for most businesses.

Receivables Period

The average time a business spends waiting for its customers to settle their dues.

Credit Sales

Sales for which payment is not received immediately, but the buyer is extended credit to pay at a later date, affecting a company's cash flow and revenue recognition.

COGS

Cost of Goods Sold, which refers to the direct costs attributable to the production of the goods sold by a company.