​Use the Following Setup for the Next Question

question 43

Multiple Choice

​Use the following setup for the next question.
A firm is deciding between two different sewing machines.Technology A has fixed costs of $500 and marginal costs of $50 whereas Technology B has fixed costs of $250 and marginal costs of $100.
-​If the price is $60 per unit,what is the break even amount of units for technology B?

• A)​50
• B)60
• C)70
• D)​None-They would have to shut down

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Definitions:

Psychodynamic

A psychological perspective that emphasizes the influence of the unconscious mind on behavior and the importance of childhood experiences.

Sociocultural Approach

A perspective in psychology that examines the ways in which social and cultural environments influence behavior, cognition, and emotions.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, and preferences.

Cognitive

Relating to cognition, involving the mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.