Tim Marlow,the Owner of the Clock Works,wanted to Know How

question 180

Multiple Choice

Tim Marlow,the owner of The Clock Works,wanted to know how many clocks he must sell in order to cover his fixed cost at a given price.Tim knew that he had total fixed costs of $20,000 for equipment,taxes,and a bank loan.He also had a unit variable cost of $20 per clock for labor and materials.If the price Tim charges for each of his clocks is $40,what is his break-even point quantity?

• A)100 clocks
• B)334 clocks
• C)500 clocks
• D)1,000 clocks
• E)10,000 clocks

---

Definitions:

Vicarious Learning

Is the process of learning by observing the actions, outcomes, and consequences of others' behavior, rather than through direct experience.

Vicarious Learning

is the process of learning by observing the actions and consequences of others' behavior, rather than through direct experience.

Desensitization

The process by which repeated exposure to a stimulus (e.g., violence) reduces emotional responsiveness to the stimulus over time.

Cultivation Theory

A theory that suggests that heavy exposure to media, particularly television, shapes viewers' perceptions of reality.