At the End of 20X1, Gilley Company Implemented a New

question 119

Multiple Choice

At the end of 20X1, Gilley Company implemented a new labour process and redesigned its product with the expectation that input usage efficiency would increase. Now, at the end of 20X2, the president of the company wants an assessment of the changes on the company’s productivity. The data needed for the assessment are as follows:
$\begin{array}{lrr}&20 \times 1 & 20 \times 2\\\text { Output } & 30,000 & 36,000 \\\text { Output prices } & \$ 10 & \$ 10 \\\text { Materials (kg) } & 15,000 & 15,300 \\\text { Materials unit price } & \$ 3 & \$ 4 \\\text { Labour (hrs.) } & 12,000 & 11,250 \\\text { Labour rate per hour } & \$ 5 & \$ 5 \\\text { Power (kwh) } & 7,500 & 9,750 \\\text { Price per kwh } & \$ 2 & \$ 3\end{array}$
-Refer to the figure.How much profit was generated in 20X1?

• A)$300,000
• B)$213,300
• C)$180,000
• D)$120,000

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Definitions:

Discrimination Training

A process in behavior analysis used to teach an individual to differentiate between stimuli or behaviors based on reinforcement or punishment.

Generalization

The process of formulating general concepts by abstracting common properties of instances.

Inhibitor

A stimulus signaling that an event is not coming, which elicits a response opposite to the one that the event usually elicits.

Thorndike

An American psychologist known for his work in comparative psychology and the theory of connectionism, emphasizing the role of rewards and punishments in learning.