Use the Figure Below to Answer the Following Questions

question 101

Multiple Choice

Use the figure below to answer the following questions.
Figure 14.2.3
-Refer to Figure 14.2.3.Assume this firm faces demand curve D₂.To maximize economic profit,this firm in monopolistic competition will charge a price of ________ and produce an output of ________ units.

• A)$40;100
• B)$90;220
• C)$80;200
• D)$55;140
• E)$70;100

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Definitions:

Womb Envy

A theory proposing that men may feel envy towards women's ability to bear children and sustain life, complementing Freud's concept of penis envy in females.

The Id

In psychoanalysis, the part of the mind that is the source of instinctual impulses and demands for immediate satisfaction of primitive needs.

The Shadow

In Jungian psychology, a part of the unconscious mind consisting of repressed weaknesses, shortcomings, and instincts.

Regression

A defense mechanism leading to the temporary or long-term reversion of the ego to an earlier stage of development rather than handling unacceptable impulses in a more adult way.