(Figure: Cost Schedule) in the Figure, What Is the Average

question 106

Multiple Choice

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

• A) $9.40
• B) $13
• C) $47
• D) $2.20

Recognize the significance of job analysis information in recruitment.

Identify ways to make an organization more attractive to potential recruits.

Understand the impact of recruitment practices on employee morale and retention.

Understand the concept of relevant costs for decision-making and identify relevant versus irrelevant costs.

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Definitions:

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