Mallory Furniture Buys Two Products for Resale: Big Shelves (B)

question 60

Multiple Choice

Mallory Furniture buys two products for resale: big shelves (B) and medium shelves (M) . Each big shelf costs $500 and requires 100 cubic feet of storage space, and each medium shelf costs $300 and requires 90 cubic feet of storage space. The company has $75,000 to invest in shelves this week, and the warehouse has 18,000 cubic feet available for storage. Profit for each big shelf is $300 and for each medium shelf is $150.
-If the Mallory Furniture company decides to purchase 150 big shelves and no medium shelves, which of the two resources will be left over?

• A) investment money only
• B) storage space only
• C) investment money and storage space
• D) neither investment money nor storage space

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Definitions:

Independent Variable

In experimental research, the variable that is manipulated by the researcher to observe its effect on the dependent variable.

Analogue Experiments

Experiments that simulate real-life situations in a controlled environment to study the effects of variables on behavior in a laboratory setting.

External Validity

The extent to which the findings of a study can be generalized to other settings, populations, and time periods beyond the original conditions of the study.

Independent Variable

In research and experimentation, it is the variable that is manipulated or changed to observe its effect on a dependent variable.