Assume There Are Three Hardware Stores, Each Willing to Sell

question 25

Multiple Choice

Assume there are three hardware stores, each willing to sell one standard model hammer in a given time period. House Depot could offer a hammer for a minimum of $7. Lace Hardware could offer a hammer for a minimum of $10. Bob's Hardware could offer a hammer for a minimum of $13.If the market price of hammers is $10, which of the following statements is true?

• A) Only House Depot would have positive surplus by supplying hammers to the market.
• B) Only House Depot and Lace Hardware would have positive surplus by supplying hammers to the market.
• C) House Depot, Lace Hardware, and Bob's Hardware would all supply hammers to the market, but Bob's would have negative surplus.
• D) Only House Depot and Bob's Hardware would supply hammers to the market.

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Definitions:

Pilonidal

Pertaining to a type of cyst that occurs in the crease of the buttocks and can become infected and filled with pus.

Pil/o

A prefix in medical terminology related to hair, such as in pilosebaceous, which refers to structures consisting of hair and its associated sebaceous gland.

Cholecystography

A diagnostic imaging procedure used to visualize the gallbladder and its function.

Cholangiography

An imaging test used to look at the bile ducts. It can show blockages or abnormalities in the bile ducts.