Instruction 2 $$\begin{array} { | l | l | } \hline x & f \\\hline 1 & 7 \\\hline 2 & 5 \\\hline 3 & 11 \\\hline 4 & 8 \\\hline 5 & 9 \\\hline\end{array}$$

question 53

Multiple Choice

Instruction 2.2
At a meeting of information systems officers for regional offices of a national company, a survey was taken to determine the number of employees the officers supervise in the operation of their departments, where X is the number of employees overseen by each information systems officer.
$$\begin{array} { | l | l | } \hline x & f \\\hline 1 & 7 \\\hline 2 & 5 \\\hline 3 & 11 \\\hline 4 & 8 \\\hline 5 & 9 \\\hline\end{array}$$
-Referring to Instruction 2.2,how many regional offices are represented in the survey results?

• A) 11
• B) 40
• C) 15
• D) 5

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Definitions:

ATC

Stands for Average Total Cost, which is the total cost of production divided by the quantity of output produced.

AVC

Average Variable Cost, the variable cost per unit of output.

MC

Marginal Cost, the increase in cost that arises from producing one additional unit of a good or service.

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance.