Table 17-10 the Table Shows the Town of Driveaway's Demand Schedule for Schedule

question 42

Multiple Choice

Table 17-10
The table shows the town of Driveaway's demand schedule for gasoline. Assume the town's gasoline seller(s) incurs a cost of $2 for each gallon sold, with no fixed cost.

-Refer to Table 17-10.Suppose there are exactly two sellers of gasoline in Driveaway: Amogo and Spilmerica.If Amogo sells 150 gallons and Spilmerica sells 100 gallons,then

• A) Amogo's profit is $150 and Spilmerica's profit is $100.
• B) Amogo's profit is $100 and Spilmerica's profit is $66.67.
• C) Amogo's profit is $75 and Spilmerica's profit is $50.
• D) there is an excess supply of gasoline in Driveaway.

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Definitions:

Sound's Wavelength

The distance between two consecutive peaks or troughs in a sound wave, determining the sound's pitch.

Sound's Frequency

The number of vibrations or cycles per second of a sound wave, which determines the pitch of the sound.

High-Frequency

Refers to electromagnetic waves with very short wavelengths and high rates of oscillation or vibration.

Low-Frequency

Describing events or phenomena that occur at relatively low rates or cycles per unit of time, often in the context of sound waves or electronic signals.