Table 17-3 Imagine a Small Town in a Remote Area Where Only

question 457

Multiple Choice

Table 17-3
Imagine a small town in a remote area where only two residents, Maria and Miguel, own dairies that produce milk that is safe to drink. Each week Maria and Miguel work together to decide how many gallons of milk to produce. They bring milk to town and sell it at whatever price the market will bear. To keep things simple, suppose that Maria and Miguel can produce as much milk as they want without cost so that the marginal cost is zero. The weekly town demand schedule and total revenue schedule for milk is shown in the table below:
-Refer to Table 17-3. Suppose the town enacts new antitrust laws that prohibit Maria and Miguel from operating as a monopoly. What will be the price of milk once Maria and Miguel reach a Nash equilibrium?

• A)$14
• B)$12
• C)$10
• D)$8

Analyze the contributions of GLOBE researchers on cultural dimensions and their impact on cross-cultural communication.

Understand the variability and complexity of the concept of deviance across different sociological perspectives.

Identify the distinguishing features of positivist and constructionist perspectives on deviance.

Explain the process of labeling and its significance in the study of deviance.

---

Definitions:

Axon

The axon is a long, slender projection of a neuron that conducts electrical impulses away from the neuron's cell body toward other neurons or to muscles or glands.

Cell Body

The spherical part of a neuron that contains the nucleus and connects to the dendrites, which receive messages, and the axon, which sends them.

Axon

A long, slender projection of a nerve cell, or neuron, that typically conducts electrical impulses away from the neuron's cell body.

Dendrites

Dendrites are the branched projections of a neuron that act to conduct the electrochemical stimulation received from other neural cells to the cell body, or soma, of the neuron from which the dendrites project.