Zhang Industries Sells a Product for $700 Per Unit

question 218

Multiple Choice

Zhang Industries sells a product for $700 per unit.Unit sales for May were 400,and each month's unit sales are expected to grow by 3%.Zhang pays a sales manager a monthly salary of $3,000 and a commission of 2% of sales.Compute the budgeted selling expense for the manager for the month ended June 30.

• A)$8,600.
• B)$11,652.
• C)$8,652.
• D)$5,768.
• E)$8,768.

Comprehend the role of genetics and environment (nature vs. nurture) in influencing behavior and mental processes.

Acknowledge the significance of culture and shared human experiences in psychological research.

Understand the interdisciplinary nature of psychology, including connections to fields like cognitive neuroscience.

Recognize the scientific methods as critical to exploring human behavior and mental processes.

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Definitions:

VMPL Curve

The VMPL curve, or the Value of Marginal Product of Labor curve, represents the additional value created by employing one more unit of labor, holding other inputs constant.

Market Wage Rate

The prevailing rate of pay for a specific job in the competitive labor market, determined by supply and demand for labor.

Labor

The human effort, including physical and mental exertion, used in the production of goods and services.

Marginal Product

Marginal product refers to the increase in output that results from employing one more unit of a particular input while keeping other inputs constant.