Use the Figure to Answer the Following Question(s)

question 410

Multiple Choice

Use the figure to answer the following question(s) .
Figure 9-3

For Figure 9-3, if the market price is $30, indicate the firm's profit-maximizing output and maximum profit.

• A) profit-maximizing output, 125; maximum profit, zero
• B) profit-maximizing output, 125; maximum profit, between $1,000 and $1,250
• C) profit-maximizing output, 150; maximum profit, $1,500
• D) profit-maximizing output, 150; maximum profit, between $1,250 and $1,500

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Definitions:

Observational Learning

Learning that results from watching or hearing about a person modeling the behavior.

Social Encouragement

The act of motivating or inspiring individuals through social interaction and support.

Respect

A feeling of deep admiration for someone or something elicited by their abilities, qualities, or achievements.

External Reinforcements

Rewards or punishments from the external environment that influence and shape behavior.