A Group of East Asians and Americans Have Won a Contest

question 49

Multiple Choice

A group of East Asians and Americans have won a contest, and each person is allowed to pick a car from a selection of cars.All the cars are of the same make, model, and year.The only thing that differs between them is that they can be one of two colors.Furthermore, there is an extremely unequal proportion between the two colors, making the minority color very rare.Given this scenario, which of the following statements is true?

• A) East Asians will choose their cars randomly.
• B) Americans will choose cars with the brightest colors.
• C) East Asians will choose minority-colored cars.
• D) Americans will choose minority-colored cars.
• E) East Asians will choose white cars.

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Definitions:

Product Margin

The profit generated by selling a product, calculated by subtracting the cost of goods sold from the sales revenue of that product.

Overhead Cost

Expenses not directly tied to production activities, such as rent, utilities, and administrative costs.

Product Y7

A hypothetical or specific product, referred to by the identifier Y7, which may represent a model, version, or variant in a lineup.

Activity-Based Costing

A pricing approach that allocates overheads and indirect expenses to particular tasks, resulting in more precise cost estimation for products.