To Follow Is Information About the Units Produced and Total

question 179

Multiple Choice

To follow is information about the units produced and total manufacturing costs for Pine Enterprises for the past six months. Using the high-low method, what will the total monthly manufacturing costs be if the company produces 9,000 units?

• A)$8,750
• B)$4,500
• C)$8,400
• D)$4,250

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Definitions:

Production Possibility Frontiers

A curve depicting all maximum output possibilities for two goods, given a set of inputs resources, and technology, illustrating the trade-offs in production choices.

Opportunity Cost

Forgoing possible benefits from other options by selecting a particular one.

Straight Lines

Lines in a geometric space that have the same direction throughout and no curvature.

Foreign Trade

The exchange of goods and services between countries.