If Build-Right Decides to Charge the State Highway Department $55

question 35

Multiple Choice

If Build-Right decides to charge the State Highway Department $55 per yard for its cement when tax revenues per capita are $3,200 and the price of asphalt is $35 per yard, the expected quantity demanded is

• A) 1,000 yards of cement.
• B) 2,000 yards of cement.
• C) 4,000 yards of cement.
• D) 6,000 yards of cement.
• E) 8,000 yards of cement.

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Definitions:

Compassion

Empathy in action.

Sympathy

Feelings of pity and sorrow for someone else's misfortune.

Feelings

Emotional states or reactions that are subjectively experienced as a response to environmental events or internal thoughts.

Utilitarianism

A moral philosophy in which actions are evaluated based on their consequences.