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MMLU-Pro / 745 / A television manufacturing firm lowered the price of its deluxe portable…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

A television manufacturing firm lowered the price of its deluxe portable television set from 350to350 to 320 per unit, in order to increasetheir revenues and profits. This price change resulted in an increase in sales from 1,000 units per month to 1,080 units per month. Assuming the unit production costs did not change, was their decision to lower prices a good one?
Plain-text mathematical notation (without MathML)
A television manufacturing firm lowered the price of its deluxe portable television set from 350to320 per unit, in order to increasetheir revenues and profits. This price change resulted in an increase in sales from 1,000 units per month to 1,080 units per month. Assuming the unit production costs did not change, was their decision to lower prices a good one?
Original LaTeX notation
A television manufacturing firm lowered the price of its deluxe portable television set from $350 to $320 per unit, in order to increasetheir revenues and profits. This price change resulted in an increase in sales from 1,000 units per month to 1,080 units per month. Assuming the unit production costs did not change, was their decision to lower prices a good one?

category

business

options

  1. The decision was a poor one
  2. The decision had no effect
  3. The decision was a good one
  4. The decision increased profits
  5. The decision increased profits but not revenues
  6. The decision increased revenues but decreased profits
  7. The decision had no effect on revenues but increased profits
  8. The decision decreased both revenues and profits
  9. The decision had no effect on profits but increased revenues
  10. The decision increased revenues but not profits

src

stemez-Business

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Source and history

upstream_id / Original problem ID
745
task_id
57723870-16c5-5c6b-ad6b-f20a9ee70d2e
task_key
default--test--745
task_revision_id
1
config / split
default / test

Official source

initial import