-Use the Figure Above to Answer This Question

question 68

Multiple Choice

-Use the figure above to answer this question. Mary is the only veterinarian in a small town and rents a space for her practice. If Mary's landlord decided to charge ________ per hour in rent, Mary would ________.

• A) $20 more; still earn an economic profit because she is a monopolist
• B) $30 more; operate on the inelastic portion of her demand curve
• C) $30 more; earn $0 economic profit
• D) $10 less; raise her prices and earn a higher profit
• E) $20 more; earn $0 economic profit

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Definitions:

French Gothic

An architectural style originating in 12th-century France, characterized by pointed arches, ribbed vaults, and flying buttresses, influencing the development of Gothic architecture in Europe.

Orvieto Cathedral

A large 14th-century Roman Catholic cathedral located in Orvieto, Italy, noted for its stunning facade and significance in medieval architecture.

Silk Trade

An ancient network of trade routes that connected the East and West, significant for the exchange of silk, spices, and other goods, facilitating cultural exchanges.

Technical Effects

Refers to the specific visual or auditory effects achieved through the use of technology in art, film, theater, and other mediums to enhance the experience.