Julius Builds Dining Chairs That He Sells for $200 a Chair

question 160

Multiple Choice

Julius builds dining chairs that he sells for $200 a chair. His fixed costs are $1,000 (for workshop equipment) . Each chair costs him $50 in materials to produce plus an extra $25 for each previous chair made that day which reflects Julius' increasing exhaustion. (Thus, the first chair cost $50, the second costs $75, the third cost $100, etc.) Assume time requirements in producing a chair are not a factor. How many chairs should Julius produce each day?

• A) 2
• B) 5
• C) 7
• D) 12

---

Definitions:

Semi-structured Interviews

Interviews that follow a flexible format, where certain questions are predetermined but the interviewer can explore topics in more depth as needed.

Structured Interviews

A method of interviewing where all candidates are asked the same predetermined questions in the same order to ensure consistency and fairness in the evaluation process.

Leading Cause

The primary factor or condition that is most commonly associated with a particular outcome or disease.

Death

The cessation of all biological functions that sustain a living organism.