-The Table Above Shows the Demand and Costs for a Single-Price

question 438

Multiple Choice

-The table above shows the demand and costs for a single-price monopolist. The maximum economic profit this firm can make equals

• A) $1,390.
• B) $1,550.
• C) $1,580.
• D) $2,400.

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Definitions:

False Alarm

An instance where a warning or signal is given, but no real danger or threat actually exists; it can also refer to a mistaken belief that a target or signal has been detected.

Low Threshold

Refers to a situation or condition that requires a minimal stimulus to elicit a response or reaction.

Sensory Adaptation

A phenomenon of the sensory system in which sensitivity to a constant stimulus decreases over time.

Progressive Desensitization

A therapeutic method gradually exposing individuals to the things they fear in a controlled way to decrease their sensitivity.