(Figure: Cost Schedule) in the Figure, the Average Fixed Cost

question 80

Multiple Choice

(Figure: Cost Schedule) In the figure, the average fixed cost to produce five units is:
$\begin{array}{|c|c|c|c|}\hline \text { Quantity } & \text { Fixed Cost } & \begin{array}{c}\text { Variable } \\\text { Cost }\end{array} & \begin{array}{c}\text { Marginal } \\\text { Cost }\end{array} \\\hline 0 & \$ 11 & \$ 0 & - \\\hline 1 & 11 & 3 & \$ 3 \\\hline 2 & 11 & 8 & 5 \\\hline 3 & 11 & 14 & 6 \\\hline 4 & 11 & 23 & 9 \\\hline 5 & 11 & 36 & 13 \\\hline\end{array}$

• A) $11.
• B) $2.75.
• C) $3.67.
• D) $2.20.

Recognize the importance of distribution and branding in marketing strategies.

Grasp the concept of derived demand and its significance in business products.

Understand the classification and promotion strategies for unsought products.

Comprehend the characteristics and marketing strategies of specialty products.

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Definitions:

Buyer

An individual or entity that purchases goods or services for personal use or for the purpose of resale.

Tax Revenue

Income that is gained by governments through taxation, which is then used to fund public services and government commitments.

Government Benefit

A form of financial or in-kind assistance provided by the government to individuals, groups, or organizations.

Tax Revenue

The income collected by governments through the imposition of taxes on goods, income, and activities.