Table 11-2 ​

question 104

Multiple Choice

Table 11-2 ​
-In Table 11-2, the price at the profit-maximizing output is how much?

• A)$15
• B)$7
• C)$10
• D)$11

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Definitions:

Rousseau

Jean-Jacques Rousseau, an 18th-century philosopher, writer, and composer of Geneva, who influenced the progress of the Enlightenment throughout Europe, with works on political philosophy and morality.

Hobbes

Thomas Hobbes was a 17th-century English philosopher known for his social contract theory, outlined in his work "Leviathan," where he argued that individuals consent to give up some freedoms in exchange for security provided by a sovereign.

Boston Tea Party

A political protest by the American Colonists against the British government in 1773, where they boarded British ships and dumped tea into Boston Harbor as a protest against the Tea Act.

East India Company

A historic British trading company, formed in the 17th century, which played a major role in the economic and political control of India until the mid-19th century.