Jack Received $560 from His Grandmother

question 39

Multiple Choice

Jack received $560 from his grandmother. He decided to shop for a gift for himself and spent $7 for his bus fares. Jack decided to purchase a new bike for $560. For the same amount, he could have purchased a model GH-200 aeroplane that he adored and that would have provided $120 more benefit than the new bike. Jack was also considering a trip to Melbourne to visit his aunt, although he was not too keen about it. He was also interested in pursuing a course leading to a private pilot's licence, although he is a bit scared of heights. One month later, the price of the bike Jack purchased from Hut Ltd had gone down by $100. The bike had cost Hut Ltd $260 of labour and $170 of plant and equipment. The variable and fixed costs for producing the bike are:

• A) $560 and $260 respectively.
• B) $260 and $170 respectively.
• C) $170 and $560 respectively.
• D) $170 and $260 respectively.

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Definitions:

Bride's Family

The family of the bride, often involved in wedding traditions, customs, and potentially in providing a dowry or support for the wedding expenses.

Matrilateral Cross-cousin Marriage

A marital arrangement in which an individual marries a cousin from their mother's side, common in some societies as a strategy to maintain alliances.

Sexual Behavior

Activities related to physical intimacy and reproduction, varying widely across different species, including humans, and influenced by biological, psychological, and social factors.

Migrant Labor Force

A segment of the workforce that moves from one region or country to another to find employment, often characterized by temporary or seasonal work.