The Above Markets Are for Publicists

question 158

Multiple Choice

The above markets are for publicists.On the left is the market for Common Cause (CC) ,a consumer advocacy non-profit organization.On the right is the market for the National Rifle Association (NRA) ,also non-profit.
-Refer to the graphs above.In the absence of regulation,publicists for the NRA will earn __________ and publicists for Common Cause will earn __________.

• A) $90,000;$50,000
• B) $90,000;$90,000
• C) $70,000;$50,000
• D) $50,000;$70,000
• E) $50,000;$90,000

---

Definitions:

Relative Prices

The price of one good or service compared to another, reflecting its scarcity or value in exchange.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, highlighting the trade-offs in consumption preferences.

Total Utility

The total satisfaction received from consuming a particular quantity of goods or services.

Real Income

The amount of goods and services that can be purchased with nominal income during some period of time; nominal income adjusted for inflation.