Asked by Surinder Gujral on Jun 22, 2024

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Refer to Table 8.2. If Sherry produces one pair of earrings, her total variable costs are

A) $50.
B) $100.
C) $150.
D) indeterminate from this information.

Total Variable Costs

The sum of all costs that vary with the level of output, such as materials and labor costs.

Earrings

Jewelry pieces designed to be worn on the earlobes or other parts of the ear.

  • Pinpoint fixed and variable expenditures in multiple business scenarios.
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Adelia Ika pramestiJun 28, 2024
Final Answer :
A
Explanation :
The total variable cost (TVC) for producing one pair of earrings is directly given as $50 in the table.