A Company Sells Two Products with Information as Follows Products Are Made by Machine

question 118

Multiple Choice

A company sells two products with information as follows: $\begin{array}{|l|r|r|} \hline&{\text { A }} &{\text { B }} \\\hline \text { Price per unit } & \$ 12 & \$ 20 \\\hline \text { Variable cost per unit } & \$ 10 & \$ 12 \\\hline\end{array}$ Products are made by machine. 4 units of Product A can be made with one machine hour and 2 units of Product B can be made with one machine hour. The company has a maximum of 3,000 machine hours available per month.
- The company can sell up to 7,000 units of Product A per month, and up to 3,000 units of Product B for the month. What is the maximum amount of contribution margin that the company could earn in a month given the stated constraints?

• A) $10,000
• B) $36,000
• C) $30,000
• D) $40,000

Distinguish between different experimental controls and their purposes (e.g., double-blind study).

Appreciate the importance of designing studies to minimize biases and expectations on the part of both experimenters and participants.

Understand the methodologies for studying attitudes and behaviors in populations (e.g., surveys).

Recognize the ethical considerations in concealing information in experiments to eliminate bias.

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Definitions:

Skill Building Therapies

Therapies that focus on developing and enhancing personal skills and coping mechanisms for more effective behavior and interaction.

Meta-Analysis

A statistical technique that combines the results of multiple studies to arrive at a conclusion about a body of research on a particular topic.

Insight-Oriented

A therapeutic approach that focuses on increasing a patient’s awareness of underlying motives and defenses to provide a deeper understanding of their problems.

Interpersonal Therapies

A form of psychotherapy that focuses on the client's interpersonal relationships and social functioning as a means to improve mental health.