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Bunuel
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The general formula for the profit per unit of a product is defined as 12 Jul 2019, 00:40
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55% (hard)

Question Stats:

52% (01:27) correct 48% (01:56) wrong based on 52 sessions

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The general formula for the profit per unit of a product is defined as:
The Average Selling Price per unit minus the Average Production Cost per unit

Each book was sold at the same selling price. Did the average production cost decrease with the number of books produced?


(1) The production cost increased with the number of books produced, but the selling price of each book remained constant at $24.5.

(2) The profit per unit from the sales of the books increased with the number of books produced.
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B
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The general formula for the profit per unit of a product is defined as 12 Jul 2019, 07:14
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Bunuel
The general formula for the profit per unit of a product is defined as:
The Average Selling Price per unit minus the Average Production Cost per unit

Each book was sold at the same selling price. Did the average production cost decrease with the number of books produced?


(1) The production cost increased with the number of books produced, but the selling price of each book remained constant at $24.5.

(2) The profit per unit from the sales of the books increased with the number of books produced.

given
Profit= ASP-Production cost
find whether Did the average production cost decrease with the number of books produced

#1production cost increased with the number of books produced, but the selling price of each book remained constant at $24.5.
total no of books produced is not know so there can be a case when SP-Production cost; results -ve profit

insufficient
#2The profit per unit from the sales of the books increased with the number of books produced
books being produced are known so production cost per book would have decreased with increase in book production
sufficient
IMO B
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