At the End of 2018, Cardigan Corporation Implemented a New

question 74

Multiple Choice

At the end of 2018, Cardigan Corporation implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase. Now, at the end of 2019, the president of the company wants an assessment of the changes on the company's productivity. The data needed for the assessment are as follows: $\begin{array} { l }&2018&2019\\ \text { Output }&20,000&24,000\\\text { Output prices }&\$10&\$10\\\\\text { Change in profits }&&\$22,200\\\\\text { Profit-linked measurements: }\\\text { Materials } && \$, 200 \\\text { Labor } && 10,500 \\\text { Power } && (1,500) \end{array}$
What is the price-recovery component?

• A)($6,000)
• B)$16,200
• C)$6,000
• D)$22,200

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Definitions:

Sociohistorical Context

The social, historical, and cultural background and environment that influences an event, period, or society.

Wilhelm Wundt

Considered the father of experimental psychology, he established the first psychology laboratory at the University of Leipzig in 1879.

Behaviour

Behaviour refers to the actions or reactions of an individual or a system in response to external or internal stimuli.

Multiple Causes

The principle that complex events or outcomes typically result from a combination of various factors, not just a single cause.