Use the Following to Answer Questions

question 77

Multiple Choice

Use the following to answer questions:
Figure: The Perfectly Competitive Firm
-(Figure: Perfectly Competitive Firm) Look at the figure The Perfectly Competitive Firm. The figure shows a perfectly competitive firm that faces demand curve d maximizes profit. Given the market price, the firm's total revenue per day is:

• A) $475.
• B) $600.
• C) $900.
• D) $1,200.

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Definitions:

Ghrelin

A substance primarily generated by the stomach, which encourages the feeling of hunger and communicates the need to eat to the brain.

Huge Appetite

An unusually large desire to consume food, which can be driven by physiological, psychological, or emotional factors.

Gain Weight

The process of increasing body mass through accumulation of fat, muscle, or other substances.

Set Point

A theoretical value in biology and psychology that the body or mind aims to maintain through various regulatory mechanisms.