(Table: Demand Schedule for Gadgets) Look at the Table Demand

question 70

Multiple Choice

(Table: Demand Schedule for Gadgets) Look at the table Demand Schedule for Gadgets.The market for gadgets is dominated by two producers, Margaret and Ray.Each firm can produce gadgets at a marginal cost of $2.The table shows the market demand schedule for gadgets.Suppose that these two producers have formed a cartel and are maximizing total industry profits.If Margaret decides to cheat on the agreement and sell 100 more gadgets but Ray continues to sell 200 gadgets, Ray's profits will be:

• A)$1,400.
• B)$1,250.
• C)$600.
• D)$400.

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Definitions:

Phospholipids

A class of lipids that are a major component of all cell membranes as they can form lipid bilayers.

cAMP

Cyclic adenosine monophosphate, a second messenger important in many biological processes that transmits cellular signals by activating protein kinases.

G Protein-linked Receptors

A large family of cell surface receptors that detect molecules outside the cell and activate internal signal transduction pathways and cellular responses.

Transmembrane Proteins

Proteins that span the entirety of a cell membrane, facilitating a variety of functions including signaling and transport across the membrane.