Table 14-9 Suppose That a Firm in a Competitive Market Faces the Faces

question 249

Multiple Choice

Table 14-9
Suppose that a firm in a competitive market faces the following revenues and costs:

-Refer to Table 14-9.The maximum profit available to the firm is

• A) $2.
• B) $3.
• C) $4.
• D) $5.

---

Definitions:

Drive-Reduction Theory

A psychological theory that posits that motivation arises from the desire to reduce an uncomfortable state of tension caused by unmet needs.

Homeostasis

The method through which living beings maintain a steady and unchanging state by controlling their internal surroundings.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, driving individuals to pursue and achieve objectives.

Aroused, Motivated State

A condition of being mentally and physically activated or energized towards achieving a specific goal.