Jane Westerlund Owns a Picture-Framing Shop, the Caplow Co

question 238

Multiple Choice

Jane Westerlund owns a picture-framing shop, The Caplow Co. The average price she receives for a picture she frames for a customer is $120. This price must cover her average costs for a typical framed picture of $5 for glass, $2 for matting, and $13 for the frame, and $30 for the labour involved. She must also cover monthly expenses of $1,000 for rent and insurance, $200 for heat and electricity, $500 for advertising, and $3,500 for her salary. Assuming everything else stays the same, if Westerlund wants to increase her monthly salary to $4,000, this would cause the slope of the total cost curve to ________ and the break-even quantity to _________.

• A)increase; increase
• B)decrease; stay the same
• C)stay the same; increase
• D)decrease; increase

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Definitions:

Prenatal Hormones

Hormones present in the womb that play a significant role in the development of physical and behavioral characteristics of the fetus.

Chromosomes

Structures within cells that contain DNA and genetic information, playing a crucial role in inheritance and determining characteristics.

Sex and Gender

Distinct concepts where 'sex' typically refers to biological differences, and 'gender' relates to societal roles, behaviors, and identities.

Intersex Infants

Babies born with reproductive or sexual anatomy that doesn't fit typical definitions of male or female.