Exhibit 2-3 The Number of Sick Days Taken (Per Month) by 200

question 12

Multiple Choice

Exhibit 2-3
The number of sick days taken (per month) by 200 factory workers is summarized below.
-Refer to Exhibit 2-3. The number of workers who took at most 10 sick days per month

• A)was 15
• B)was 200
• C)was 185
• D)was 65

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Definitions:

ATC

Average Total Cost, which is the total cost of production (fixed plus variable costs) divided by the quantity of output produced.

ATC

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

Price Charged

The amount of money demanded for a product or service in the market.

Product Differentiation

A strategy to make a product or service stand out from the rest, intended to captivate a certain target demographic.