Use the Figure to Answer the Following Question(s)

question 91

Multiple Choice

Use the figure to answer the following question(s) .
Figure 10-10
-Given the cost and demand conditions depicted in Figure 10-10 for the competitive price-searcher firm, what is the price that the firm should charge if it wants to maximize its profit?

• A) 20
• B) 30
• C) 40
• D) 50

---

Definitions:

Birth Rate

The number of live births per thousand people in a population over a given period of time.

Malthus's Prediction

Refers to Thomas Malthus's theory that population growth would outpace the growth of food supply, leading to widespread poverty and famine.

Less Developed Countries

Nations with a lower living standard, undeveloped industrial base, and low Human Development Index relative to other countries.

Per Capita Income

The average income earned per person in a given area or country, calculated by dividing the total income of the area by its population.