Refer to the Data Provided in Table 9 -Refer to Table 9

question 141

Multiple Choice

Refer to the data provided in Table 9.3 below to answer the following question(s) .
Table 9.3
$$\begin{array} { c c c c c c c } \text { q } & \text { TFC } & \text { TVC } & \text { TC } & \text { MC } & \text { AVC } & \text { ATC } \\\hline 0 & \$ 100 & \$ 0 & \$ 100 & - - & - - & - - \\\hline 1 & 100 & 40 & 140 & 40 & 40 & 140 \\\hline 2 & 100 & 60 & 160 & 20 & 30 & 80 \\\hline 3 & 100 & 90 & 190 & 30 & 30 & 63.33 \\\hline 4 & 100 & 124 & 224 & 34 & 31 & 56 \\\hline 5 & 100 & 180 & 280 & 56 & 36 & 56 \\\hline 6 & 100 & 264 & 364 & 84 & 44 & 60.67 \\\hline 7 & 100 & 372 & 472 & 108 & & 67.43 \\\hline\end{array}$$
-Refer to Table 9.3. If the market price is $20, then this firm will maximize profits by producing ________ units of output.

• A) zero
• B) one
• C) two
• D) three

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Definitions:

Superego

In psychoanalytic theory, the part of the personality that acts as a moral center, enforcing societal norms and values and controlling the desires of the id.

Psychic Energy

A concept in psychoanalytic theory referring to the force or drive behind human behavior, emotions, and thoughts.

Libido

Libido, in psychoanalytic theory, is the energy derived from sexual instincts and desires that drive individual behavior and psychological processes.

Value

The degree of importance or worth attributed to something, which guides people’s choices and behavior, reflecting personal or societal standards.