Your Memory Lane Creates Custom Art Prints That Use Graphs

question 6

Multiple Choice

Your Memory Lane creates custom art prints that use graphs and icons in a street scene to commemorate special occasions.Suppose Your Memory Lane has priced its product at $350 per print.Further,it has determined that the company's fixed cost is $12,500,with an average variable costs per print of $250.What is his fixed cost contribution per print?

• A) $225
• B) $100
• C) $605
• D) $2.25
• E) $1.25

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Definitions:

Theory Of Mind

A cognitive ability to understand that others have beliefs, desires, intentions, and perspectives different from one's own.

Egocentrism

The inability to differentiate between one's own perspective and someone else's perspective.

Three-Mountain Task

A cognitive test developed by Jean Piaget to measure egocentrism in children, involving the ability to see a set of mountains from different viewpoints.

Concrete Operational

The concrete operational stage is a phase in Piaget's theory of cognitive development, where children gain a better understanding of logical operations and are able to apply them to concrete situations but struggle with abstract concepts.