The Tingey Company Has 500 Obsolete Microcomputers That Are Carried

question 17

Multiple Choice

The Tingey Company has 500 obsolete microcomputers that are carried in inventory at a total cost of £720,000. If these microcomputers are upgraded at a total cost of £100,000, they can be sold for a total of £160,000. As an alternative, the microcomputers can be sold in their present condition for £50,000.
-What is the net advantage or disadvantage to the company from upgrading the computers rather than selling them in their present condition?

• A)£110,000 advantage.
• B)£660,000 disadvantage.
• C)£ 10,000 advantage.
• D)£ 60,000 advantage.

Understand la belle indifference in relation to somatoform disorders.

Identify and discuss the learning perspective on abnormal behaviors.

Understand the difference and relationship between wealth and income and their influences on inequality.

Explain intragenerational and intergenerational mobility with examples.

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Definitions:

Barriers to Entry

Factors that prevent or hinder new competitors from easily entering into an industry or market, including high startup costs, stringent regulations, or strong brand loyalty among consumers.

Pure Monopoly

An economic condition where a single firm dominates a market, with no competition and barriers to entry for others, influencing price and supply of its product or service.

Isolated Town

A community located far from major population centers, often with limited access to goods, services, and outside communication.

Price Maker

A price maker refers to a firm or entity that has enough control over the market to influence the price of its product or service, as opposed to being a price taker who must accept market prices.