Table 13-4 Charles's Math Tutoring

question 4

Multiple Choice

Table 13-4
Charles's Math Tutoring
-Refer to Table 13-4. Suppose that Charles's math tutoring company has a fixed cost of $50 per month for his cell phone. Each worker costs Charles $60 per day. As output increases from 0 to 45 students, Charles's total cost curve

• A)increases but gets flatter.
• B)increases and gets steeper.
• C)decreases and gets flatter.
• D)decreases but gets steeper.

---

Definitions:

International Strategy

The planning and execution of business operations to expand and operate in multiple countries, involving considerations of globalization, market entry, and cultural differences.

National Strategy

A comprehensive plan designed to achieve specific goals on a country-wide scale.

Dominant Strategy

In game theory, a strategy that is best for a player, irrespective of what strategies other players choose.

Payoff Matrices

A table that shows the potential outcomes of different strategies in a game, used in decision theory and economics.