Table 17-10 the Table Shows the Town of Driveaway's Demand Schedule for Schedule

question 42

Multiple Choice

Table 17-10
The table shows the town of Driveaway's demand schedule for gasoline. Assume the town's gasoline seller(s) incurs a cost of $2 for each gallon sold, with no fixed cost.

-Refer to Table 17-10.Suppose there are exactly two sellers of gasoline in Driveaway: Amogo and Spilmerica.If Amogo sells 150 gallons and Spilmerica sells 100 gallons,then

• A) Amogo's profit is $150 and Spilmerica's profit is $100.
• B) Amogo's profit is $100 and Spilmerica's profit is $66.67.
• C) Amogo's profit is $75 and Spilmerica's profit is $50.
• D) there is an excess supply of gasoline in Driveaway.

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Definitions:

Insertion

The point of attachment of a muscle tendon to the bone or other structure it moves.

Anatomical Position

The standard position in which an individual stands upright with feet together and arms to the side, with palms facing forward.

Flexed

The state of being bent or tensed, often referring to a muscle contraction that decreases the angle between bones at a joint.

Abducted

The movement of a limb or other part away from the midline of the body or from another part.