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 84

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 profit at a price of $42?

• A) $12,000
• B) $132,000
• C) $249,600
• D) $369,600

Identify characteristics of experimental units as variables.

Differentiate between descriptive and inferential statistics, including examples of each.

Understand the timing and approach for transferring funds to a project account.

Recognize the importance of revisiting the selection decision when cost estimates are higher than expected.

---

Definitions:

Giving Up

The act of stopping or ceasing to continue an effort, action, or pursuit, often due to discouragement or challenge.

Work Satisfaction

The level of contentment employees feel about their job, including aspects such as tasks, environment, and compensation.

Attitude

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor.

Self-Esteem

The degree to which a person feels confident, valuable, and worthy of respect.