Use the Information Below to Answer the Following Question(s)

question 55

Multiple Choice

Use the information below to answer the following question(s) .
Sunnybrook Orange Groves processes a variety of fresh juices. The company has the following expenses for July:


-What is the total cost for the research and development category of the value chain at Sunnybrook Orange Groves?

• A) $93,000
• B) $102,000
• C) $89,000
• D) $191,000

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Definitions:

Efficient Level

An optimal efficiency point where resource allocation results in the highest possible benefit or output with the least waste of resources.

Output

A rephrased definition: Refers to the final product or result produced by a process or system.

Competitive Level

A state in a market where firms are able to enter and exit freely, and prices are determined by supply and demand.

Industry

A classification of businesses that perform similar types of work or produce similar goods and services.