Use the Following to Answer Questions

question 216

Multiple Choice

Use the following to answer questions:
-(Table: Total Cost and Output) Look at the table Total Cost and Output, which describes Sergei's total costs for his perfectly competitive all-natural ice cream firm. If the market price of a tub of ice cream is $50, how much is Sergei's profit at the profit-maximizing output?

• A) $680
• B) $330
• C) $150
• D) $40

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Definitions:

Personal Disposition

An individual's inherent qualities of mind and character.

Social Situation

any scenario in which individuals interact with each other, involving the exchange of information or communication.

Friendly

Characterized by kindness, warmth, and approachability; displaying amicable behavior towards others.

Cognitive Dissonance Theory

A theory suggesting that inconsistency among beliefs, attitudes, and behaviors causes discomfort, leading individuals to adjust them to reduce the discomfort.