Refer to the Accompanying Figure to Answer the Following Questions

question 148

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 $25,it

• A) should raise production to 150 units but lower the price to $10 to maximize profits.
• B) should raise production to 150 units and continue to charge $25 to maximize profits.
• C) should keep production at 100 units but lower the price to $13 to maximize profits.
• D) should keep production at 100 units and lower the price to $10 to maximize profits.
• E) is already maximizing profits and should not change the price or quantity produced.

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Definitions:

Waxy Flexibility

A symptom of catatonia characterized by the maintenance of a body position or posture in which the person's limbs remain in the position they are placed by another person.

Spontaneous Movement

Unplanned, voluntary or involuntary movements that occur without conscious thought or intention.

Daily Living

Refers to the routine activities that people tend to do every day without needing assistance, such as eating, bathing, and dressing.

Auditory Hallucination

A sensory experience of hearing sounds or voices that are not present in the external environment.