Consider the Price and Quantity Data Below for a Perfectly

question 21

Multiple Choice

Consider the price and quantity data below for a perfectly competitive firm producing mousetraps. $$\begin{array}{l}\begin{array} { | l | l | } \hline \text { Price } ( \$ ) & \text { Quantity } \\\hline 5 & 1000 \\\hline 5 & 1250 \\\hline 5 & 1500 \\\hline 5 & 1750 \\\hline 5 & 2000 \\\hline\end{array}\\\text { TABLE 9- } 1\end{array}$$
-Refer to Table 9- 1. Suppose this firm is producing 1500 mousetraps and its average total cost is
$5.10 per unit. The firm will be

• A) suffering losses of $7650.
• B) suffering losses of $150.
• C) breaking even.
• D) earning profits of $150.
• E) earning profits of $7650.

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Definitions:

Psychological State

An individual's current mental condition, including their feelings, thoughts, and emotions, which can be influenced by various factors and may fluctuate.

Physical Health

A state of well-being of the body, free from illness, injury, or pain, often maintained through regular physical activity, balanced nutrition, and adequate rest.

General Adaptation Syndrome

A model describing the body’s stress response in three stages: alarm, resistance, and exhaustion.

Resistance Stage

The second phase of the body's response to long-term stress, in which it adapts and attempts to cope with stressors.