The Following Data Were Provided by Green Enterprises for the Most

question 57

Multiple Choice

The following data were provided by Green Enterprises for the most recent period:
$\begin{array} { | l | r | } \hline \text { Units in beginning inventory } & 0 \\\hline \text { Units produced } & 8,000 \\\hline \text { Units sold } & 6,000 \\\hline \text { Variable costs per unit: } & \\\hline \text { Manufacturing } & \$ 15 \\ \hline \text { Selling and administrative } &\$ 5 \\\hline \text { Fixed costs in total } & \\\hline \text { Manufacturing } & \$ 24,000\\\hline \text { Selling and administrative } & \$ 16,000\\\hline\end{array}$

-What was the unit product cost under variable costing?

• A) $15.
• B) $18.
• C) $20.
• D) $22.

Understand the concept of Arrow's impossibility theorem and its implications for social choice theory.

Recognize examples of common biases and errors in judgment and decision-making.

Understand the principles and outcomes of the ultimatum game in behavioral economics.

Explain the concept of asymmetric information and how it leads to problems like moral hazard and adverse selection.

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Definitions:

Dynamisms

Psychological or motivational forces that drive behavior and personality development, often used in the context of psychodynamic theories.

Bandura's Fortuitous Events

Refer to events that occur by chance and can have significant impacts on an individual’s life, according to Albert Bandura’s social cognitive theory.

Behavior

The manner in which an individual or entity acts or conducts themselves, especially towards others.

Skinner's Behaviorism

A theory of learning based on the idea that all behaviors are acquired through conditioning, advocated by B.F. Skinner, emphasizing the effects of reinforcement on behavior.