4/19/23, 1 1:06 PM Quiz No. 1: [1222_LBOMGTS_K46] - PRESCRIPTIVE ANAL YTICS (OPTIMIZA TION)
https://dlsu.instructure.com/courses/1 19651/quizzes/313238 1/29Quiz No. 1
Due Mar 3 at 3pm Points 42 Questions 42
Available Feb 21 at 9:15am - Mar 3 at 3:05pm Time Limit 80 Minutes
Instructions
This quiz was locked Mar 3 at 3:05pm.
Attempt History
Attempt Time Score
LATEST Attempt 1 69 minutes 42 out of 42
Score for this quiz: 42 out of 42
Submitted Feb 21 at 10:24am
This attempt took 69 minutes.Multiple Choice:
Choose the correct answer . pts Question 1
A manager has determined that a potential new product can be sold at a
price of $10.00 each. The cost to produce the product is $5.00, but the
equipment necessary for production must be leased for $25,000 per year .
What is the break-even point? 5,000 units. Correct!Correct! 2,500 units Course Chat 4/19/23, 1 1:06 PM Quiz No. 1: [1222_LBOMGTS_K46] - PRESCRIPTIVE ANAL YTICS (OPTIMIZA TION)
https://dlsu.instructure.com/courses/1 19651/quizzes/313238 2/29 7,500 units. 10,000 units. pts Question 2
In order to produce a new product, a firm must lease equipment at a cost
of $10,000 per year . The managers feel that they can sell 5,000 units per
year at a price of $7.50. What is the highest variable cost that will allow
the firm to at least break even on this project? $2.50. $3.50. $4.50 $5.50. Correct!Correct! pts Question 3
A cost that does not vary with the production volume would be a fixed
cost. No answer text provided. False True Correct!Correct! No answer text provided. S e n d 4/19/23, 1 1:06 PM Quiz No. 1: [1222_LBOMGTS_K46] - PRESCRIPTIVE ANAL YTICS (OPTIMIZA TION)
https://dlsu.instructure.com/courses/1 19651/quizzes/313238 3/ pts Question 4
A cost that does not vary with the production volume would be a variable
cost. False Correct!Correct! No answer text provided. No answer text provided. True pts Question 5
Production has indicated that they can produce widgets at a cost of $4.00
each if they lease new equipment at a cost of $10,000. Marketing has
estimated the number of units they can sell at a number of prices (shown
below). Which price/volume option will allow the firm to avoid losing
money on this project? 3,000 units at $7.50 each. Correct!Correct! 1,000 units at $10.00 each. 4,000 units at $5.00 each.
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