Wendy Has a Monopoly in the Retailing of Motor Homes

question 137

Multiple Choice

Wendy has a monopoly in the retailing of motor homes.She can sell five per week at $21,000 each.If she wants to sell six,she can charge only $20,000 each.The quantity effect of selling the sixth motor home is:

• A)$20,000.
• B)$10,000.
• C)$15,000.
• D)$21,000.

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Definitions:

Morality

Principles concerning the distinction between right and wrong or good and bad behavior.

Emotions

Complex states of feeling that result in physical and psychological changes influencing thought and behavior.

Primary Circular Reactions

The repetition of actions that first occurred by chance and that focus on the infant’s own body.

External Environment

All outside factors and influences that affect the development, behavior, and survival of an organism or organization.