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question 17

Multiple Choice

[The following information applies to the questions displayed below.]
Summit Products,Inc.is interested in producing and selling an improved widget.Market research indicates that customers would be willing to pay $90 for such a widget and that 50,000 units could be sold each year at this price.The current cost to produce the widget is estimated to be $65.
-At a price of $80,Summit's market research indicates that it can sell 60,000 units per year.Assuming Summit can reach its new target cost,how will Summit's profit at the $80 price compare to what it would have earned in the absence of the competitor's product?

• A)Profit will be $75,000 higher.
• B)Profit will be $75,000 lower.
• C)Profit will be unaffected if Summit can reach the revised target cost.
• D)Profit will be $37,500 higher.

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Interaction between individuals or entities that involves physical presence or touch, often used in the context of transmission of diseases or communication.

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A document that outlines the fundamental principles, structures, and processes of a state's government, serving as the highest law within the state's borders.

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To legally prohibit and criminalize the practice or institution of slavery.

Vermont

is a state in the northeastern United States, known for its natural landscapes, dairy farming, and maple syrup.