Winona's Fudge Shoppe Is Maximizing Profits by Producing 1,000 Pounds

question 74

Multiple Choice

Winona's Fudge Shoppe is maximizing profits by producing 1,000 pounds of fudge per day. If Winona's fixed costs unexpectedly increase and the market price remains constant, then the short run profit-maximizing level of output

• A)is less than 1,000 pounds.
• B)is still 1,000 pounds.
• C)is more than 1,000 pounds.
• D)becomes zero.

---

Definitions:

Aristotle

An ancient Greek philosopher and scientist whose works cover a wide range of subjects and who is considered one of the greatest philosophers in history.

Lower-Level Needs

Refers to the basic physiological and safety needs in Maslow's hierarchy, which must be met before higher-level needs.

Jeffrey Pfeffer

An American business theorist known for his work on organization theory and the relationship between human resource management practices and business strategy.

The Human Equation

The integration of human factors, such as emotions and social interactions, into understanding or solving problems.