Suppose When the Price of Pineapples Goes from $5 to $3

question 149

Multiple Choice

Suppose when the price of pineapples goes from $5 to $3 per pineapple, production decreases from 3,500 pineapples to 2,000 pineapples per year. Using the mid-point method, what is the percentage change in price?

• A) −0.5 percent
• B) −50 percent
• C) −33 percent
• D) −40 percent

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Definitions:

Type A Behavior Pattern

A personality trait characterized by high levels of competitiveness, aggressiveness, impatience, and a sense of urgency, linked with an increased risk of heart disease.

Type B Behavior Pattern

A personality type characterized by less competitive, more relaxed, and less stress-prone behaviors than Type A.

External Locus of Control

A belief that outcomes in one's life are determined by external factors beyond one's control, as opposed to believing in the ability to influence outcomes through own efforts.

Internal Locus of Control

A psychological concept referring to individuals who believe they have control over the outcomes of their actions and experiences.