Anna Operates a Consignment Shop Where She Sells Cloths for Women

question 52

Essay

Anna operates a consignment shop where she sells cloths for women and children. The average consignments sold per month is 1000. The average material cost and the selling price of each consignment is $8 and $20, respectively.
The monthly fixed cost to run this business is given below:
Rental cost: $750
Utilities: $150
Advertising: $35
Insurance: $100
Labor cost: $4000
Use a two-way data table to show profit changes as a function of different number of consignments sold per month and different material costs. Vary the number of consignments from 400 to 1200 in increments of 100. The eight different material costs are $5.45, $6.23, $6.95, $7.54, $8.23, $8.88, $9, and $9.45.

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Definitions:

Skinner

B.F. Skinner, an American psychologist known for his work in behaviorism and experimental analysis of behavior.

Freud

Sigmund Freud, an Austrian neurologist, established psychoanalysis, which is a therapeutic approach to address psychopathology by facilitating conversations between a patient and a psychoanalyst.

Unconditioned Stimulus

In the context of classical conditioning, a stimulus that naturally and effortlessly induces a response, without the need for prior learning.

Classical Conditioning

A foundational concept in behavioral psychology where an automatic conditioned response is established by pairing a neutral stimulus with an unconditioned stimulus.