Use the Following to Answer Questions $\text { Table: Lilly's Apple Orchard }$

question 233

Multiple Choice

Use the following to answer questions : $\text { Table: Lilly's Apple Orchard }$
$\begin{array}{lr}\hline \begin{array}{l}\text { Quantity } \\\text { of Apples } \\\text { (bushels) }\end{array} &{\boldsymbol{VC}} \\\hline 0 & \$ 0 \\1 & 40 \\2 & 70 \\3 & 80 \\4 & 130 \\5 & 190 \\6 & 260 \\7 & 340 \\8 & 430 \\\hline\end{array}$



-(Table: Lilly's Apple Orchard) Use Table: Lilly's Apple Orchard.Lilly is the price-taking owner of an apple orchard.Her orchard has fixed costs of $30.If the price of a kilogram of apples is $25,how many kilograms will Lilly produce to maximize profit?

• A) 0
• B) 1
• C) 2
• D) 3

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Definitions:

Point Method

A quantitative technique used in job evaluation that involves assigning point values to various job components to determine the relative value of different jobs within an organization.

Disadvantages

Negative aspects or conditions that impede success or cause inefficiencies.

Aging the Data

Involves adjusting historical data for factors such as inflation or changes in market rates to make it relevant and applicable to current conditions.

Market Increases

Adjustments in the price levels of goods and services in a market, often influenced by factors such as supply and demand, inflation, and economic policies.