Use the Following Information to Answer the Questions
Consider the Following

question 40

Multiple Choice

Use the following information to answer the Questions
Consider the following distribution of 32 voters at eight different positions over the interval [0, 1]. $$\begin{array} { | l | l | l | l | l | l | l | l | l | } \hline \text { Location } & 0.2 & 0.3 & 0.4 & 0.5 & 0.6 & 0.7 & 0.8 & 0.9 \\\hline \begin{array} { l } \text { Number of } \\\text { voters }\end{array} & 1 & 6 & 2 & 7 & 7 & 2 & 6 & 1 \\\hline\end{array}$$
-Assume that Candidate A and Candidate B's policy positions are 0.3 and 0.8. If Candidate C enters at 0.49, what fraction of the vote does the winner receive?

• A) 9/32
• B) 7/16
• C) 1/2
• D) 9/16

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Definitions:

Selling and Administrative Expenses

Expenses related to the sale of products or services and the general administration of a business, excluding production costs.

Fixed Manufacturing Overhead

The portion of manufacturing overhead costs that remain constant regardless of the level of production, such as depreciation on factory equipment or salaries of factory supervisors.

Unit Product Cost

represents the total cost to produce one unit of product, including direct materials, direct labor, and overhead.

Fixed Manufacturing Overhead

encompasses the consistent, non-varying costs of producing goods, such as factory lease or salary of supervisors, linked but differently phrased to fixed manufacturing expenses.