Use the Following to Answer Questions: Table: Willingness to Pay

question 72

Multiple Choice

Use the following to answer questions: Table: Willingness to Pay $$\begin{array} { l c c } \hline { \text { Maximum Willingness to Pay for Good A and Good B } } \\\hline & \text { John } & \text { Mary } \\\hline \text { Good A } & \$ 90 & \$ 35 \\\text { Good B } & \$ 30 & \$ 70 \\\hline\end{array}$$
-(Table: Willingness to Pay) Refer to the table. Assume the firm has zero costs. If the firm were to set individual prices for each of the two goods, how much total profit does it earn from Good A?

• A) $90
• B) $35
• C) $120
• D) $125

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Definitions:

Synaptic Gap

The tiny space between neurons across which neurotransmitters travel to transmit signals from one neuron to another.

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Small structures at the end of a neuron's axon that release neurotransmitters, facilitating neural communication.

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A neurotransmitter involved in movement, motivation, and the sensation of pleasure.