The Tolar Company Has 400 Obsolete Desk Calculators That Are

question 120

Multiple Choice

The Tolar Company has 400 obsolete desk calculators that are carried in inventory at a total cost of $26,800. If these calculators are upgraded at a total cost of $10,000, they can be sold for a total of $30,000. As an alternative, the calculators can be sold in their present condition for $11,200.
-Assume that Tolar decides to upgrade the calculators. At what selling price per unit would the company be as well off as if it just sold the calculators in their present condition?

• A) $8
• B) $30
• C) $53
• D) $67

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Definitions:

Automobile Workers

Individuals employed in the automotive industry involved in the design, development, manufacturing, marketing, and selling of motor vehicles.

Opportunity Cost

The missing out on potential benefits from other options when selecting one path.

Marginal Product

The additional output that is produced by using one more unit of a given input.

Vertical Axis

The vertical axis in a graph or chart is the y-axis, representing the quantity or degree of the variable measured.