The Akron Slugger Company Produces Various Types of Wooden Baseball

question 23

Multiple Choice

The Akron Slugger Company produces various types of wooden baseball bats.It has calculated the average cost per unit of a production level of 7,500 bats to be $10.00.If $22,500 of the costs are fixed,and the plant manager uses the cost equation to predict total costs,her forecast for 8,500 bats will be

• A)$10,000.
• B)$75,000.
• C)$85,000.
• D)$82,000.

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Definitions:

Government Programs

Initiatives launched by the government aimed at achieving specific policy outcomes, ranging from social welfare to economic stimulation.

Surplus

An excess of supply over demand, leading to a situation where goods and services exceed their consumption or utilization.

Rent Control

Government policies or laws that limit the amount landlords can charge for renting out a property, intended to make housing more affordable.

Demand Increase

This occurs when there is a rise in the quantity of a product or service that consumers are willing and able to purchase at a given price, often due to factors like increased income, changes in tastes, or population growth.