Colin Was a Professional Classical Guitar Player Until His Motorcycle

question 104

Multiple Choice

Colin was a professional classical guitar player until his motorcycle accident that left him disabled. After long months of therapy, he hired an experienced luthier (maker of stringed instruments) and started a small shop to make and sell Spanish guitars. The guitars sell for $700 and the fixed monthly operating costs are as follows: $$\begin{array} { | l | r | } \hline \text { Rent and utilities } & \$ 800 \\\hline \text { Wages and benefits to luthier } & 2,500 \\\hline \text { Other expenses } & 480 \\\hline\end{array}$$ Colin's accountant told him about contribution margin ratios and he understood clearly that for every dollar of sales, $0.60 went to cover his fixed costs, and that anything past that point was pure profit.
Colin is planning to increase the selling price to $750. What impact will the increase in selling price have on the contribution margin ratio?

• A) It will stay the same.
• B) It will go up 70% to 75%.
• C) It will go up from 60% to approximately 63%.
• D) It will go down from 70% to approximately 67%.

Recognize and differentiate between primary and secondary sex characteristics.

Identify the roles of specific genes and chromosomes in determining sex, including the impact of the SRY gene.

Explain the concept of puberty and its typical manifestations in males and females.

Describe conditions that result from atypical sex chromosome configurations, like Klinefelter and Turner syndromes.

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Definitions:

Spatial Location

The specific physical position or area in space that an object or person occupies.

Paired Associate Learning

A learning process where two items are linked together in a person's mind, enhancing the recall of one item when presented with the other.

Ebbinghaus's Syllables

Arbitrary combinations of letters used by Hermann Ebbinghaus in his studies on memory, specifically in experiments related to the learning and forgetting curves.

Meter

A unit of length in the International System of Units (SI), equivalent to approximately 3.28084 feet.