Refer to the Information Provided in Table 8 -Refer to Table 8

question 128

Multiple Choice

Refer to the information provided in Table 8.5 below to answer the following questions.
Table 8.5 $$\begin{array} { c l l l l } \begin{array} { c } \text { Number of } \\\text { Fruit Baskets }\end{array} & \text { TFC } & \text { TVC } & \text { TC } & \text { MC } \\\hline 0 & \$ 50 & \$ 0 & \$ 50 & - - \\1 & 50 & 10 & 60 & 10 \\2 & 50 & 15 & 65 & 5 \\3 & 50 & 21 & 71 & 6 \\4 & 50 & 31 & 81 & 10 \\5 & 50 & 46 & 96 & 15 \\6 & 50 & 68 & 118 & 22\end{array}$$
-Refer to Table 8.5. Assume that fruit baskets are sold in a perfectly competitive market. The market price of a fruit basket is $22. To maximize profits, Exotic Fruit should sell ________ fruit baskets and their profit is ________.

• A) three; $5
• B) four; $7
• C) five; $14
• D) six; $14

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Definitions:

Global Marketers

Professionals or companies that develop and implement marketing strategies across multiple countries, considering global diversity in consumer behavior and market dynamics.

Population Explosion

A rapid and large increase in the world or a specific area's population size.

Social Forces

Social factors and influences that impact the behavior, preferences, and attitudes of individuals and groups within society.

Marketing Environment

The external factors and forces that affect a company's ability to develop and maintain successful transactions and relationships with its target audience, including economic, social, technological, and political influences.