A Firm Has Fixed Operating Costs of $150,000, Total Sales

question 72

Multiple Choice

A firm has fixed operating costs of $150,000, total sales of $1,500,000, and total variable costs of$1,275,000. The firm's operating break-even point in dollars is___________ .

• A) $1,425,000
• B) $176,471
• C) $1,000,000
• D) $150,000

Understand the goals and influences behind the creation of the National Institute of Mental Health Research Domain Criteria.

Recognize the significance and critique of the DSM system including its limitations and evolution.

Comprehend the biological, cultural, and sociopolitical factors that influence mental illness classification and diagnosis.

Identify the role of reliability and validity in mental illness diagnosis.

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Definitions:

Variable-Ratio Reinforcement Schedule

A reinforcement strategy where a response is reinforced after an unpredictable number of responses, which typically leads to high and steady response rates.

Principle of "Sameness"

This term refers to the cognitive process of recognizing and treating different stimuli as equivalent or having the same meaning or category.

VI 30 Schedule

A variable interval schedule of reinforcement where a response is rewarded, on average, every 30 seconds.

Operant Chamber

A laboratory apparatus used in behavioral psychology to study animal behavior by manipulating consequences of their actions.