As Assistant Vice President in Charge of Production for a Computer

question 64

Multiple Choice

As assistant vice president in charge of production for a computer firm, you are asked to calculate the cost of producing 170 computers.The production function is q = min{x, y} where x and y are the amounts of two factors used.The price of x is $18 and the price of y is $10.What is your answer?

• A)$2,580
• B)$4,760
• C)$8,460
• D)$6,180
• E)None of the above.

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Definitions:

Ethnocentric Attitude

Holding the belief that one's own culture, nation, or ethnicity is superior to others, often leading to bias and prejudice.

Individualistic Culture

A culture that emphasizes the needs and goals of the individual over the needs and goals of the group.

NAFTA Trade Agreement

The North American Free Trade Agreement, a trilateral trade bloc agreement between the United States, Canada, and Mexico designed to eliminate trade barriers.

Low-Context Culture

A culture in which communication is explicit, direct, and relies less on contextual cues or shared understandings.