The Figure Above Shows the Demand Curve for Pizza and the Market

question 14

Multiple Choice

The figure above shows the demand curve for pizza and the market price of pizza.
-In the figure above,the total benefit from pizza is ________ per day.

• A) $100,000
• B) $50,000
• C) $125,000
• D) $150,000
• E) None of the above answers is correct.

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Definitions:

Finite Population Correction Factor

A statistical adjustment applied when sampling without replacement from a finite population to improve the accuracy of estimations and reduce sampling error.

Mean Salary

The average wage or salary calculated by summing all salaries and dividing by the number of salaries.

Normal Distribution

This refers to a probability distribution where symmetry around the mean indicates higher frequency of data points near the mean than those far from it.

Average Annual Revenue

This refers to the amount of money a company earns in a year, on average, from its operations.