The Table Below Shows the Total Cost of Producing Different

question 77

Multiple Choice

The table below shows the total cost of producing different units of a commodity. Table 7.2

-Refer to Table 7.2.If the production of 2 extra units (units 11 and 12) increases total cost by $162,then:

• A)the marginal cost of the twelfth unit will be $162.
• B)the total cost of producing 12 units will be $894.
• C)the average variable cost of producing 11 units is $732.
• D)the average total cost of producing 12 units is $61.
• E)the thirteenth unit will have to go up in price.

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Definitions:

Skills Approach

is a perspective on leadership that emphasizes the importance of developing specific skills and competencies to be effective in leadership roles.

Large Number of Components

Refers to systems, machines, or structures that are made up of many different parts, often making them complex to construct, understand, or manage.

Specific Skills

Abilities or competencies that are particularly tailored or relevant to a distinct task or field.

Leadership Readily Available

The accessibility of leadership resources or guidance within an organization, team, or group, often facilitating quick decision-making and problem-solving.