Table 17-1 Imagine a Small Town in Which Only Two Residents, Rochelle

question 275

Multiple Choice

Table 17-1
Imagine a small town in which only two residents, Rochelle and Alec, own wells that produce safe drinking water. Each week Rochelle and Alec work together to decide how many gallons of water to pump. They bring the water to town and sell it at whatever price the market will bear. To keep things simple, suppose that Rochelle and Alec can pump as much water as they want without cost so that the marginal cost of water equals zero. The town's weekly demand schedule and total revenue schedule for water is shown in the table below:
-Refer to Table 17-1. If Rochelle and Alec operate as a profit-maximizing monopoly in the market for water, how much profit will each of them earn, assuming that the two producers split the market equally?

• A)$8,750
• B)$9,000
• C)$12,000
• D)$18,000

Appreciate the changing nature of deviance based on historical and cultural shifts.

Explore the implications of formal deviance, such as crime, and its societal response.

Investigate the role of technology and modern concerns, such as cyberattacks, in contemporary understandings of deviance.

Analyze how social movements impact societal perceptions and definitions of deviance.

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Definitions:

Goody Box

A collection or package of enjoyable or desirable items, often used as a form of reward or gift.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed.

Passive Resignation

A behavioral response where an individual accepts a situation or outcome without attempting to change it, often seen as a coping mechanism in psychology.

Insight Learning

A form of problem-solving in which a solution is suddenly realized after a period of consideration, rather than achieved through trial and error.