Final answer:
The selling price of the Riveter company's product is $190, and statistical analysis is needed to determine if the pricing standard deviation of a computer is larger than claimed by the manufacturer.
Step-by-step explanation:
The Riveter company produces a product with a current selling price of $190. Therefore, the correct answer to the question about the selling price of the product is option 1) $190.
Addressing the broader inquiry regarding the computer's price standard deviation, to argue that the pricing has a larger standard deviation than what the manufacturer claims, a statistical analysis comparing the sample standard deviation to the claimed standard deviation using a hypothesis test (like a chi-square test) would be necessary. For practical purposes, if the calculated standard deviation from the sample of prices were significantly greater than the $25 claimed by the manufacturer, you would have evidence to argue that the real-world standard deviation is larger, which may affect your purchasing decision or negotiations.
In the context of marginal revenues and marginal costs at the Raspberry Farm, analyzing Total Revenue and comparing it with respective costs would aid in determining the most profitable level of production.