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-Use the Figure Above to Answer This Question

question 94

Multiple Choice

  -Use the figure above to answer this question. Mary is the only veterinarian in a small town. To maximise her profit, Mary will choose to treat ________ animals per hour and charge ________ per customer in order to ________. A)  6; $20; minimise cost in order to attract more customers B)  4; $50; operate on the inelastic portion of her demand curve C)  6; $20; maximise profit D)  6; $30; minimise average total cost E)  4; $50; maximise profit
-Use the figure above to answer this question. Mary is the only veterinarian in a small town. To maximise her profit, Mary will choose to treat ________ animals per hour and charge ________ per customer in order to ________.


Definitions:

Anonymity

The state of being anonymous, where an individual's identity is not known or revealed.

Social Facilitation

The tendency for people to perform differently when in the presence of others than when alone, typically improving on simple tasks and performing poorly on complex tasks.

Audiences Facilitate

The phenomenon where the presence of an audience improves the performance of certain tasks by individuals, also known as the social facilitation effect.

Social Facilitation

Social facilitation is the tendency for people to perform better on simple tasks or tasks at which they are skilled when in the presence of others.

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