Olympus Company Sells 1 400 Units Per Month at a Price

question 59

Multiple Choice

Olympus Company sells 1 400 units per month at a price of $28.00 per unit. The variable cost is $22.50 per unit. Fixed costs are $6 900 per month. How much is the net profit?

• A)$800
• B)$32 300
• C)$9 500
• D)$750

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Definitions:

Coin Toss

A simple randomness procedure involving flipping a coin to decide between two alternatives, based on which side the coin lands on.

Rewards

In psychology, rewards refer to positive reinforcements that motivate behavior or increase the likelihood of a behavior being repeated.

Just-World Phenomenon

The cognitive bias to believe that the world is inherently fair, leading individuals to rationalize an otherwise unjust situation by attributing deservingness to the outcomes.

Believe

To accept something as true, factual, or real, often without absolute proof and based on trust, faith, or confidence in it or its source.