Maker Sun Chairs Is Trying to Determine the Optimal Price $$\begin{array} { c c } \text { Unit Price } & \text { Unit Demand } \\\$ 45 & 7,200 \\\$ 44 & 7,800 \\\$ 43 & 8,400 \\\$ 42 & 8,800\end{array}$$

question 12

Multiple Choice

Maker Sun Chairs is trying to determine the optimal price to charge for its galvanized deck chairs. The company has total fixed costs of $120,000 and the deck chairs have a unit variable cost of $27.00 per unit. Maker Sun Chairs has determined that the following relationships exist between price and demand: $$\begin{array} { c c } \text { Unit Price } & \text { Unit Demand } \\\$ 45 & 7,200 \\\$ 44 & 7,800 \\\$ 43 & 8,400 \\\$ 42 & 8,800\end{array}$$ What is the anticipated revenue at a price of $44?

• A) $343,200
• B) $132,600
• C) $12,600
• D) $387,200

Recognize the importance of biodiversity and the threats posed by environmental degradation.

Understand the concept of risk society and the social construction of environmental problems.

Recognize the potential of genetic engineering in addressing environmental and health issues.

Understand the challenges and societal implications of waste management, especially concerning nuclear waste.

---

Definitions:

Foreign Currency

The money or currency used in a country different from one's own, involved in international trading and investment.

Barrier Options

A type of option whose existence and payoff depend on whether the underlying asset's price reaches a predetermined barrier level.

Payoffs

The amount received from an investment or financial transaction.

Underlying Asset

The financial asset upon which a derivative's value is based, such as stocks, bonds, commodities, or currencies.