A Computer Manufacturer Sells 1,000 Units Per Month at $500

question 183

Multiple Choice

A computer manufacturer sells 1,000 units per month at $500 each.A price cut to $400 is being considered.His marginal cost is constant at $300 per unit.To maintain profits, quantity sold must increase to at least

• A)1,500
• B)2,000
• C)2,500
• D)3,000

Identify the ethical principles guiding research in human development.

Distinguish between different research designs and their application in developmental science.

Recognize the influence of both nature and nurture on human development.

Comprehend how culture and social environment shape cognitive development.

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Definitions:

Median

The middle value in a data set, separating the higher half from the lower half, providing a measure of central tendency that is not influenced by extreme values.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, such as the mean, median, or mode.

Mean

The arithmetic average of a set of numbers, calculated by adding them together and dividing by the count of numbers.

Bimodal

A distribution with two different modes or peaks.