Salim Sells Fax Machines That Come in Standard and Enhanced

question 103

Multiple Choice

Salim sells fax machines that come in Standard and Enhanced models. The Standard model sells for $325 and the Enhanced model sells for $385. If Salim sold a total of 35 units and took in $12,575, how many of the Enhanced model did he sell?

• A) 15
• B) 20
• C) 25
• D) 10

Analyze the impact of opportunity costs in the production of goods.

Understand the implications of economic growth and technological advancements on the PPF.

Grasp the significance of efficiency and resource allocation in an economy.

Comprehend how changes in unemployment affect the economy's production capabilities.

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Definitions:

Legal Ownership

The officially recognized possession of property, rights, or interests, backed by law.

Bondable Interest

Interest in a project or property that can be secured or protected by a bond, often related to construction or contractual obligations.

Third-Party Tender Delivery Contract

An agreement involving three parties where one party undertakes to deliver goods or services on behalf of another to a third party.

Good Title

Good title refers to the legal right to own and sell property because it is free from any liens or claims against it.