Exhibit 11-8 the Table Below Shows How Total Cost Varies

question 145

Multiple Choice

Exhibit 11-8 The table below shows how total cost varies with output in a factory producing watches:
Refer to Exhibit 11-8.The marginal cost of producing a third watch equals:

• A) $50.
• B) $69.
• C) $5.
• D) $4.

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Definitions:

Planning Fallacy

The tendency to underestimate how much time is needed to complete a task, leading to overly optimistic time estimations.

Optimistic Mindset

A mental attitude characterized by hope and confidence in success and positive outcomes.

Proximal Goals

Short-term objectives or milestones that are set as steps leading towards a longer-term goal.

Distal Goals

Objectives or aims that are set for the long-term future, usually requiring more time and effort to achieve than proximal or immediate goals.