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

question 186

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.If industry output is 300 gadgets produced by Margaret and 200 gadgets produced by Ray and if Ray decides to increase output by 100, Margaret's profit will be , and Ray's profit will be _.

• A)$1,750; $1,250.
• B)$1,250; $1,250.
• C)$1,400; $1,000.
• D)$600; $600.

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Definitions:

Caregiving Behaviors

Actions performed to provide support and meet the physical or emotional needs of others.

Lorenz

Konrad Lorenz, an Austrian zoologist, ethologist, and ornithologist known for his foundational work in the study of animal behavior.

Equilibration

The main source of development, consisting of a process of achieving a balance between the child’s present understanding and the child’s new experiences.