C) $1.80

As we cans see that average product is 50 and variable factor which is only labour is also 50 which concludes that total output of the firm is 2500 units.

Total variable cost which is total wage giver to 50 workers are $4000 as 50×80. The fixed cost is given clearly as $500. Which means that total cost is $4500.

Hence, average total cost becomes $4500 ÷ $2500 which is ?1.80

The global changes in the world, changes in business activities as Well as the development of technology, transport and communications, impose the need for enterprises in its struggle for survival, to change their strategies and go out from the borders of their own country. Limited market, competitive pressure, demand for cheaper resources and the dynamics of the postmodern era, forcing business leaders to change their focus from traditional targets to alternative measures for successful business and the entrance on global markets, with the purpose of making competitive advantage.International business is a term used to describe all commercial transactions, in general, (private and governmental, sales, investments, logistics and transport) which occur between two or more regions, countries and nations beyond their political borders (Radebaugh &

Sullivan, 2007). International business refers to those business activities which include cross-

border transactions of goods, services or resources between two or more nations.

Transactions of economic resources include capital, skills, people for international

production of physical goods or services, such as finance, banking, insurance, construction

(Joshi, 2009). According to Rugman and Collinson, international business analyzes

transactions that take place across national borders in order to meet the needs of individuals

and organizations. These economic transactions consist of trade (imports and exports) and

foreign direct investment (Rugman, Collinson, & Hodgetts, 2006). According to Ball,

international business is a business whose activities are carried out beyond the borders of

their country and here not only include international trade and international production but

growing service trade in areas such as transport, tourism, advertising, construction, retail

and mass communication (Ball, McCulloch Jr., Frantz, Geringer, & Minor, 2002).

Impact of globalization on industry

Narratives that focus on winning and losing countries miss the point. Globalization impacts the standard of living of different types of workers to different degrees within countries, in all countries.

The negative effects of trade on earnings tend to be concentrated in specific areas and industries. Aggregating across regions and firms gives us a different picture.

Trade also affects consumer prices; not just wages. Most studies approximate the impact of trade on welfare by looking at how much wages can buy, using as reference the changing prices of a fixed basket of goods. This fails to consider welfare gains from increased product variety and obscures complicated distributional issues, such as the fact that poor and rich individuals consume different baskets so they benefit differently from changes in relative prices. Studies measuring the distribution of welfare gains, across all the main relevant welfare channels are only beginning to emerge.

Impact of globalization on consumer trend

Consequently, the desire for a more attractive, modern lifestyle, looking for convenient products is added to the behaviour of consumers by the globalization process (Mazurek-?opaci?ska, 2003). McDonald (2002) claims that mass culture "is a dynamic, revolutionary force that eradicates class divisions, tradition, taste and blurs cultural distinctions", which means that it has significant impact on the development of consumers' behaviour, their lifestyles and preferences (Micha?owska & Danielak, 2015). Globalization and accompanying changes and trends are visible in the sphere of consumption mainly through initiating new forms of consumption and consumption behaviours, creating new products, new sales places and new needs, changing the ways of consumption, trends and lifestyles, increasing in consumer activity on the market, as well as increasing competitiveness and entrepreneurship of consumers (W?odarczyk, 2015). ...

Globalization creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world. Thus, businesses located in developing countries have more access to capital flows, technology, human capital, cheaper imports, and larger export markets.