The Following Table Provides Information About a Company's Production

question 52

Multiple Choice

The following table provides information about a company's production.
If variable costs increased in 2005 by 10 per cent and fixed overheads increased in 2006 by 20 per cent, what was the variable cost per unit in 2004?

• A) $3.35
• B) $3.40
• C) $3.45
• D) $3.50

---

Definitions:

Stanley Milgram

A psychologist best known for his controversial experiment on obedience conducted in the 1960s, demonstrating people's willingness to follow orders from an authority figure.

Significant Levels

Statistical measures that determine how likely it is that a given result could have occurred by chance, often used in hypothesis testing.

Prejudice

Preconceived opinion that is not based on reason or actual experience, often leading to discrimination and negative attitudes towards individuals or groups.

Intellectual Argument

A reasoned, logical discussion focused on exploring and debating ideas, theories, or knowledge.