Java Joe Sells 200 Cups of Coffee Each Day in a Perfectly

question 232

Multiple Choice

Java Joe sells 200 cups of coffee each day in a perfectly competitive market at the market price of $2.00 per cup.If Java Joe independently decreased its price per cup to $1.50,

• A)its sales would rise to 250 cups
• B)its revenue would decrease
• C)its revenue would rise
• D)its total revenue would equal $200
• E)the market price will fall to $0.75 as other coffee sellers match the price cut

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Definitions:

Protostomes

A group of animals characterized by developing the mouth before the anus during embryonic development, includes mollusks and arthropods.

Determinate Cleavage

Type of cleavage, characteristic of protostomes, in which the fate of each cell is determined when the cell is produced. Compare with indeterminate cleavage.

Deuterostomes

A group of animals characterized by their embryonic development; during which the anus forms before the mouth.

Protostomes

Protostomes are a group of animals characterized by an embryonic development in which the mouth forms before the anus during early gastrulation.