Dottie's Chocolates Produces Boxes of 25 Chocolate Drops for Selling

question 17

Multiple Choice

Dottie's Chocolates produces boxes of 25 chocolate drops for selling. How many chocolate drops would Dottie need to make to fill 60 boxes?

• A)1,575
• B)1,225
• C)1,400
• D)1,500
• E)1,525

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Definitions:

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where the quantity demanded equals the quantity supplied.

Rent Ceiling

A government-imposed limit on how high rents can go, aimed at keeping housing affordable.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, representing the additional value created by the firm beyond that required to compensate its resource suppliers.

Shortage

A condition where the demand for a product exceeds its supply in the market.