-Archibald's Tattoos Is a Perfectly Competitive Firm

question 170

Multiple Choice

-Archibald's Tattoos is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price of a tattoo is $12.50 and if Archibald's does NOT shut down, what is the firm's profit-maximizing output?

• A) 2 tattoos per hour
• B) 3 tattoos per hour
• C) 4 tattoos per hour
• D) 5 tattoos per hour

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Definitions:

REM Behavior Disorder

A sleep disorder in which individuals physically act out vivid, often unpleasant dreams with vocal sounds and sudden, violent arm and leg movements during REM sleep.

Narcolepsy

A chronic sleep disorder characterized by overwhelming daytime drowsiness and sudden attacks of sleep.

Sleep Apnea

A disorder characterized by pauses in breathing or periods of shallow breathing during sleep.

Somnambulism

Is the medical term for sleepwalking, which involves walking or performing other complex behaviors while in a state of sleep.