Suppose Chris Is a Potter Who Makes Mugs The Marginal Cost If the 4^th Mug Per Day Is

question 51

Multiple Choice

Suppose Chris is a potter who makes mugs. His total costs depend on the number of mugs he makes each day, as shown in the table below. $$\begin{array} { | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { Mugs Per Day }\end{array} & \begin{array} { c } \text { Total Cost } \\\text { Per Day }\end{array} \\\hline 0 & \$ 10 \\\hline 1 & \$ 14 \\\hline 2 & \$ 19 \\\hline 3 & \$ 25 \\\hline 4 & \$ 32 \\\hline 5 & \$ 40 \\\hline 6 & \$ 49 \\\hline\end{array}$$ The marginal cost if the 4^th mug per day is ______.

• A)$5
• B)$7
• C)$8
• D)$32

Analyze market scenarios to identify threats and weaknesses.

Comprehend the objectives of marketing strategies, including entering foreign markets.

Understand the concept of marketing objectives being specific, measurable, and realistic.

Recognize the importance and methods of creating competitive advantages in the market.