Table 17-11 Only Two Firms, ABC and XYZ, Sell a Particular Product

question 342

Multiple Choice

Table 17-11
Only two firms, ABC and XYZ, sell a particular product. The table below shows the demand curve for their product. Each firm has the same constant marginal cost of $8 and zero fixed cost.
-Refer to Table 17-11. If ABC and XYZ operate to jointly maximize profits and agree to share the profit equally, then how much profit will each of them earn?

• A)$105
• B)$125
• C)$250
• D)$450

Differentiate between sensation and perception and describe how they interrelate.

Describe the effects of subliminal stimuli and subliminal perception on behavior and thought processes.

Provide insights into unusual perceptual phenomena, such as the moon illusion and the role of pheromones in human behavior.

Understand the concept of kinesthetic sense including its definition and functions.

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Definitions:

Instinct

A natural, usually unchangeable behavior pattern in animals triggered by specific stimuli.

Mitosis

A process of cell division that results in two genetically identical daughter cells from a single parent cell.

Meiosis

A form of cell division that reduces the number of chromosomes by half, creating four haploid cells, each genetically distinct from the parent and from each other.

Reproduction

The natural method through which offspring are generated from their progenitors.