Use the Following Scenario to Answer the Following Questions

question 39

Multiple Choice

Use the following scenario to answer the following questions:
Kareem owns a bike store.His total costs are $1.2 million per year,his variable costs are $750,000,and his fixed costs are $450,000 per year.Last year,Kareem sold 1,200 bikes.
-Kareem's average total cost was ________ per bike.

• A) $625
• B) $1,000
• C) $375
• D) $1,200
• E) $600

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Definitions:

Psychologically Evolved Mechanism

Psychologically evolved mechanisms are innate aspects of the human mind that have developed over time to solve specific problems of survival or reproduction.

Social Dominance

A theoretical and observational concept regarding the hierarchical rank and ensuing behaviors that determine an individual's control or influence over resources within a social group.

Reproductive Success

The ability to pass on one's genes to the next generation effectively through offspring that survive to reproductive age.

Category Killer

A large retail chain that dominates a product category, often driving out smaller competitors.