Trina Makes Handmade Leis in Hawaii Which She Sells to Local

question 34

Multiple Choice

Trina makes handmade leis in Hawaii which she sells to local tourists.She anticipates August to be a busy month with the sale of 500 leis.She has prepared the following static budget for August:
$\begin{array}{lr} \text {Sales revenue (500 units) } &\$5000\\ \text { Variable costs:} &\\ \text { Direct materials } &1000\\ \text { Direct labour} &1000\\ \text { Overhead } &375\\ \text { Fixed costs} &\underline{200}\\ \text { Net income}&\underline{\$2425}\end{array}$

During August,Trina actually produced and sold 400 leis.What should be Trina's net income in August based on a flexible budget?

• A) $1940
• B) $1825
• C) $1425
• D) $1900

Understand the concept of classical and operant conditioning and how they can be applied to learning behaviors.

Recognize the phenomena of extinction, stimulus generalization, and stimulus discrimination within learning contexts.

Identify the role of incidental learning and its impact on consumer behavior and marketing.

Describe the process of associative learning and the factors influencing it, including repetition and conditioning schedules.

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Definitions:

Short Run

(1) In microeconomics, a period of time in which producers are able to change the quantities of some but not all of the resources they employ; a period in which some resources (usually plant) are fixed and some are variable. (2) In macroeconomics, a period in which nominal wages and other input prices do not change in response to a change in the price level.

Long Run

In microeconomics, a period of time long enough to enable producers of a product to change the quantities of all the resources they employ, so that all resources and costs are variable and no resources or costs are fixed. In macroeconomics, a period sufficiently long for nominal wages and other input prices to change in response to a change in a nation’s price level.

U.S. Electricity

The system of electrical generation, transmission, and distribution operated within the United States.

Generated From

Derived or produced from a particular process or source.