Question 1
Refer to the information provided in Table 8.2 below to answer the question(s) that follow.
Refer to Table 8.2. If Sherry produces five pairs of earrings, her total costs are
◦ $320.
◦ $360.
◦ $370.
◦ $400.
Question 2
Refer to the information provided in Table 8.2 below to answer the question(s) that follow.
Refer to Table 8.2. If Sherry produces four pairs of earrings, her average fixed costs are
◦ $4.
◦ $20.
◦ $25.
◦ $100.