Colin Was a Professional Classical Guitar Player Until a Motorcycle

question 28

Multiple Choice

Colin was a professional classical guitar player until a motorcycle accident at left him disabled.After long months of therapy,he hired an experienced luthier 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: 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 $820.What impact will the increase in selling price have on the breakeven point in units?

• A)It will stay the same.
• B)It will go down from 11 to 9 units.
• C)It will go up from 9 to 12 units.
• D)It will go down from 9 to 7 units.

Understand and differentiate between various schools of psychology, such as structuralism, functionalism, behaviorism, and humanism.

Recognize the historical context and conceptual foundations of psychology as a discipline.

Understand the method of introspection and its role in the evolution of psychological theories.

Recognize the significance of key historical milestones in the development of psychology, including the establishment of the first psychology research laboratories and courses.

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Definitions:

Acceptance

In contract law, the unqualified consent to the terms of an offer, thereby creating a binding contract.

Rejection

Termination of a contract that occurs when an offeree does not accept the offer or terms of the contract.

Incapacitated

In a state where an individual is unable to take legal actions or make their own decisions due to physical or mental limitations.

Offeror

An offeror is the party in a contract who makes an offer to enter into an agreement with another party, known as the offeree.