A Firm That Is Using Marginal Analysis to Set Prices

question 237

Multiple Choice

A firm that is using marginal analysis to set prices finds that setting a price of $180 per unit would result in the sale of 6 units. The total variable cost of production is equal to $300 and total fixed cost is equal to $150. In this case, the firm's total revenue will be _____.

• A) $900
• B) $1,800
• C) $1,980
• D) $1,620
• E) $1,080

Recognize the stages and models in the process of organizational change.

Understand the concept of learning organizations and strategies for fostering them.

Analyze factors leading to resistance to change and strategies for overcoming it.

Describe various approaches to organizational change (attitude-centered, role-centered, etc.).

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Definitions:

Product Cost

An aggregate measure of the total costs involved in creating a product, including direct, indirect, and overhead costs.

Vice President

An executive or senior officer in a business or organization, typically reporting to the president or CEO, with specific responsibilities that vary by the entity.

Finance

The management of large sums of money, especially by governments or large companies, encompassing activities such as lending, investing, and budgeting.

Administrative Expense

Costs related to the general operation of a company, which may include salaries of executive staff, office supplies, and utility expenses not directly tied to production.