Imagine That You Are an Entrepreneur,making Designer T-Shirts in Your

question 63

Multiple Choice

Imagine that you are an entrepreneur,making designer t-shirts in your garage.Your accountant has estimated that your firm's total costs can be expressed by the function TC = 300 + 10 × Q,where Q represents the number of t-shirts you make.
Refer to the information given above.If you make 1,000 t-shirts,your average total cost is _______.

• A)$3
• B)$3.10
• C)$10.30
• D)$1.03

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Definitions:

Distinctive Position

A unique or highly specialized role within an organization that sets it apart from similar positions in other organizations.

Necessary Cost

Expenses deemed essential for the operation of a business or the production of goods and services, often including materials, labor, and overheads.

Pocket Protectors

Small, flat cases used to hold items like pens in a shirt pocket, preventing ink from staining the fabric.

Competitive Advantage

The unique attributes or capabilities that allow an organization to achieve higher margins or sales compared to its competitors, leading to a dominant position in the market.