The Figure Shows the Demand Curve for Gap Jackets (D)

question 318

Multiple Choice

The figure shows the demand curve for Gap jackets (D) , and Gap's marginal revenue curve (MR) , marginal cost curve (MC) , and average total cost curve (ATC) .
-In the figure above, what is Gap's excess capacity?

• A) 32 jackets per day
• B) zero
• C) 4 jackets per day
• D) 132 jackets per day

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Definitions:

Hereditary Aristocracy

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Unchallenged Heads

generally describes leaders or individuals in positions of authority who face little to no opposition or competition.

American Revolution

A colonial revolt that took place between 1765 and 1783, in which the Thirteen American Colonies won independence from Great Britain, becoming the United States of America.

Property Qualification

Historical voting or office-holding requirement that mandated individuals own a certain amount of property or land to participate in the political process.