Samsung Sell Refrigerators at $900 Per Unit

question 15

Multiple Choice

Samsung sell refrigerators at $900 per unit. Their variable cost is estimated to be $550 per unit and their fixed costs are estimated to be $8.75 million per annum. Calculate the minimum number of units, Samsung should produce every year to make a profit?

• A) 9722
• B) 15 909
• C) 25 000
• D) 2500
• E) 21 875

Identify the evolutionary basis for helping behavior and altruism.

Describe the nature-nurture controversy in relation to prosocial behavior.

Recognize the effects of biological and social factors on the predisposition toward prosocial behavior.

Explain the impact of societal norms and personal costs on helping behavior.

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Definitions:

Condominium Interest

An ownership interest in a unit within a multi-unit property, coupled with a shared interest in the common areas of the property.

Exclusive Ownership

The right to use, manage, and dispose of property without interference from others, ensuring complete control over the asset.

Joint Tenancy

A form of co-ownership where parties own property equally with rights of survivorship, meaning if one owner dies, the other automatically inherits the deceased owner's share.

Easement

A right to cross or otherwise use someone else's land for a specified purpose.