The Following Graph Shows the Market Demand and Average Cost

question 119

Multiple Choice

The following graph shows the market demand and average cost curve for electricity (in millions of kilowatts) in an urban centre:

-Refer to the above graph to answer this question.Suppose that the price is $3,and the market is served by two competing firms,each having 50% of the market.What will be the profit or loss made by each firm?

• A)$0.
• B)Loss of $50.
• C)Loss of $100.
• D)Loss of $150.
• E)Profit of $100.

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Definitions:

Edwin Shneidman's Definition

An approach to understanding suicide as primarily a response to intense psychological pain, seen as an escape from unbearable anguish.

Indirect Effort

The attempt to achieve a goal by means that are not straightforward and involve alternative strategies or approaches, often to overcome a challenge.

Conscious Effort

involves deliberate, intentional action or thought, typically requiring awareness and mental focus to achieve a specific goal or task.

Biological Factors

Natural influences on organisms, including genetic, neurological, and physical conditions that affect behavior and functioning.