Each Month the Billing Department of Phoenix Enterprises Processes an Average

question 58

Multiple Choice

Each month the billing department of Phoenix Enterprises processes an average of 51 orders from customers at a cost of about $612 (in salaries and supplies) . What is the average cost per order for this department (to the nearest dollar amount) ?

• A) $4
• B) $6
• C) $8
• D) $10
• E) $12

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Definitions:

Demand Curve

An illustrative chart that depicts how the demand for a product varies with changes in its price.

Total Costs

The overall expenditure on the production of goods or services, covering both fixed and variable costs.

Flight Capacity

The maximum number of passengers or the amount of cargo that an airline can transport in a given period.

Collude

Cooperative behavior between firms in a market to set prices or output levels artificially high, typically in a way that is not in the best interests of consumers.