Crabapples,Inc

question 197

Multiple Choice

Crabapples,Inc.purchases and sells boxes of dried fruit.The following information summarizes its operating activities for the year:

What is the cost per box of dry fruits if Crabapples sold 4000 boxes of dry fruit during the year? (Round your answer to the nearest cent. )

• A)$8.00
• B)$42.00
• C)$32.13
• D)$24.13

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Definitions:

Marginal Cost Curve

A graphical representation that shows how the cost of producing one additional unit of a good changes as the quantity of production is increased.

Increasing Marginal Opportunity Costs

Represents the concept that each additional unit of a good or service produced requires the sacrifice of increasingly more valuable alternatives.

Specific Product

A particular product identified by its unique characteristics or defined specifications, distinguishing it from other products.

Extra Utility

The additional satisfaction gained from consuming one more unit of a good or service.