A Small Business Produces a Single Product and Reports the Following

question 47

Multiple Choice

A small business produces a single product and reports the following data: The price is raised to $8.50 per unit, and the volume drops to 9.000 units per month.
Assume other factors remain the same. How would this change affect operating income?

• A)It will go up by $500.
• B)It will go up by $1,500.
• C)It will go down by $2,500.
• D)It will stay the same.

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Definitions:

Anxiety And Despair

Emotional states characterized by feelings of worry, nervousness, or unease and a sense of hopelessness or loss.

Academic Achievement

The extent to which a student, teacher, or institution has achieved their short or long-term educational goals.

Individualist Cultures

Cultures that emphasize the importance of personal goals, autonomy, and individual achievement over group goals.

Sense Of Self

A person's understanding and perception of their own identity and individuality.