Use the Following to Answer Questions

question 64

Multiple Choice

Use the following to answer questions:
Figure: Demand and Supply
-(Figure: Demand and Supply) Refer to the figure. Which statement is TRUE?

• A) The gains from trade are maximized at 20 units of output.
• B) At 16 units of output, there are unexploited gains from trade.
• C) Buyers are willing to pay $20 for the 16th unit of output and it costs sellers $60 to produce that unit.
• D) A free market is likely to produce less than 12 units of output.

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Definitions:

REM Sleep

A stage of sleep characterized by rapid eye movements and is associated with vivid dreaming.

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Individuals who are in the later stage of life, often defined as 65 years of age and older, experiencing various physiological, cognitive, and social changes.

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A condition affecting sleep that involves interruptions in breathing or instances of light breathing throughout the night.

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A condition characterized by having excess body weight or fat that may impair health, often measured in relation to height using the Body Mass Index (BMI) scale.