The Laser Co If the Firm Sells 5,000 Units Per Period, What Price

question 104

Multiple Choice

The Laser Co. produces a single product. Its cost structure is: $\begin{array}{lll}&&\text { Variable Cost }\\&\text { Fixed Cost }&\text { Per Unit }\\\text { Manufacturing costs } & \$ 35,000 & \$ 15 \\\text { Non-manufacturing costs } & 60,000 & 10\end{array}$ If the firm sells 5,000 units per period, what price should be charged to earn $35,000?

• A) $44
• B) $45
• C) $50
• D) $51

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Definitions:

Chi-square Statistic

A statistical measure used to assess the differences between observed and expected frequencies in one or more categories.

Expected Frequencies

In statistics, these are the counts predicted by a hypothesis test for categories in a contingency table, based on the distribution assumptions of the test.

Chi-square Statistic

The Chi-square statistic is a measure used in statistics to compare observed data with data expected under a specific hypothesis, often used in tests of independence.

Expected Frequencies

Predicted counts of occurrences across different categories based on a statistical model.