Refer to the Information Provided in Figure 13

question 375

Multiple Choice

Refer to the information provided in Figure 13.10 below to answer the question(s) that follow. Figure 13.10
-Refer to Figure 13.10. If the government imposed a price ceiling of $12 on this firm, the firm would sell to

• A) 1,000 subscribers and earn a profit of $4,000.
• B) more than 2,500 subscribers so that price would equal average total cost.
• C) 2,500 subscribers but would require a subsidy of $1,250 to stay in business.
• D) 2,200 subscribers and would require a subsidy of $2,200 to stay in business.

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Definitions:

Rule Oriented

A characteristic of behaviors or individuals that strictly follow established guidelines or protocols.

Freud

Sigmund Freud, an Austrian neurologist, pioneered psychoanalysis, a therapeutic approach for addressing mental disorders through conversations between a psychoanalyst and their patient.

Ethical

Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.

Ego Ideal

In psychoanalysis, the part of the mind that serves as a standard for what one wants to achieve in terms of ethics, ambition, and self-regard.