Opie Corporation Reported the Following Operating Costs and Environmental Quality

question 22

Multiple Choice

Opie Corporation reported the following operating costs and environmental quality costs for the past four years. Assume that all environmental quality costs are variable and that all changes in the quality cost ratios are due to an environmental cost reduction program.
$$\begin{array}{l}&\text { Quality Costs as }\\\text { Year } & \text { Operatine Casts } & \text { Percent of Operatine Casts } \\\hline 20 X 1 & \$ 3,000,000 & 25.0 \\20 X 2 & 3,100,000 & 23.0 \\20 X 3 & 3,200,000 & 21.0 \\20 X 4 & 3,300,000 & 20.0\end{array}$$
-Refer to the figure.What is the change in environmental costs from 20X2 to 20X3?

• A)$12,000
• B)$37,000
• C)$41,000
• D)$672,000

Describe the development and significance of self-awareness and self-concept in children.

Recognize the importance of observational learning and social referencing in children's emotional development.

Explain the different theories of emotion and how they apply to children's development.

Identify and describe the various temperament classifications and their implications for child development.

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Definitions:

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good.

Willingness-To-Pay

The maximum amount an individual is ready to spend to purchase a good or service or to avoid something undesirable.

Marginal Cost

The price required to create another unit of a good or service.

Advertising Elasticity of Demand

The responsiveness of the quantity demanded of a good to a change in the amount of advertising for that good.