Refer to the Accompanying Figure to Answer the Following Questions

question 104

Multiple Choice

Refer to the accompanying figure to answer the following questions.

-If a firm is producing a quantity of 100 and charging a price of $10,it

• A) should continue to produce 100 units but raise the price to $13 to maximize profits.
• B) should increase production to 150 units but raise the price to $25 to maximize profits.
• C) should continue to produce 100 units but raise the price to $25 to maximize profits.
• D) should increase production to 100 units and raise the price to $13 to maximize profits.
• E) is already maximizing profits and should not change the price or quantity produced.

---

Definitions:

RFLP

Restriction Fragment Length Polymorphism, a technique in molecular biology used to analyze the length of DNA fragments resulting from restriction enzyme cutting, which can vary among individuals.

Kary Mullis

An American biochemist known for his invention of the polymerase chain reaction (PCR) technique, a method used to amplify DNA.

Francis Crick

A British molecular biologist, biophysicist, and neuroscientist, known for co-discovering the structure of DNA.

Southern Blotting

Southern blotting is a molecular biology technique used to detect specific DNA sequences within a DNA sample by transferring DNA from a gel to a membrane and then probing it with a DNA probe.