Suppose a Business Can Sell X Gadgets For $p = 250 - 0.01 x$

question 237

Multiple Choice

Suppose a business can sell x gadgets for $p = 250 - 0.01 x$ dollars apiece, and it costs the business $c ( x ) = 1000 + 25 x$ dollars to produce the $x$ gadgets. Determine the production level and cost per gadget required to maximize profit.

• A) 11,250 gadgets at $137.50 each
• B) 13,750 gadgets at $112.50 each
• C) 10,000 gadgets at $150.00 each
• D) 111 gadgets at $248.89 each

---

Definitions:

Implicit Association Test

A psychological test designed to measure the strength of a person's automatic associations between mental representations of objects in memory.

Stereotypes

Widely held but fixed and oversimplified images or ideas of a particular type of person or thing.

Social Loafing

The tendency for individuals to exert less effort on a task when working in a group than when working alone.

Social Psychology

The scientific study of how individuals think, feel, and behave in social contexts.