Nations Corporation Has Designed a New Product, K48, Whose Variable

question 22

Multiple Choice

Nations Corporation has designed a new product, K48, whose variable cost is $56.70 per unit and that requires 3.10 minutes of the constrained resource. The opportunity cost is $39.00 per minute used of the constrained resource. What is the minimum acceptable selling price for the new product?

• A)$177.60
• B)$95.70
• C)$56.70
• D)$120.90

---

Definitions:

Obedience To Authority

The tendency to follow orders or directions from someone recognized as a figure of authority.

Social Facilitation

Social facilitation refers to the phenomenon where an individual's performance improves when performing tasks in the presence of others compared to when alone.

Pluralistic Ignorance

A psychological state in which the majority of group members privately reject a norm, but assume incorrectly that most others accept it, leading to a compliance with the norm.

Original Obedience Study

The Original Obedience Study refers to the series of experiments conducted by Stanley Milgram in the 1960s, which investigated the willingness of participants to obey authority figures even when asked to perform actions conflicting with their personal conscience.