Use the Following to Answer Question

question 91

Multiple Choice

Use the following to answer question:
-(Table: Demand Schedule of Gadgets) Use Table: Demand Schedule of Gadgets.The market for gadgets consists of two producers,Margaret and Ray.Each firm can produce gadgets with no marginal cost or fixed cost.Suppose that these two producers have formed a cartel,agreed to split production of output evenly,and are maximizing total industry profits.If Margaret decides to cheat on the agreement and sell 100 more gadgets,Margaret's profit will be _____,and Ray's profit will be _____.

• A)$1,250;$1,250
• B)$500;$500
• C)$1,400;$1,000
• D)$1,000;$1,400

---

Definitions:

Dependent Clause

A group of words that contains a subject and a verb but does not express a complete thought and cannot stand alone as a sentence.

Connotative Words

Words that carry beyond their literal meaning, evoking emotions, associations, or ideas in the reader or listener.

Jargon

Specialized terms or language used by a specific group, often difficult for outsiders to understand.

Buzzwords

Popular or trendy words or phrases that are used to impress or persuade, often without conveying much substance.