There Is Only One Gas Station Within Hundreds of Miles

question 54

Multiple Choice

There is only one gas station within hundreds of miles. The owner finds that when she charges $3 a gallon, she sells 199 gallons a day, and when she charges $2.99 a gallon, she sells 200 gallons a day. The marginal revenue of the 200th gallon of gas is

• A) $.01.
• B) $1.
• C) $2.99.
• D) $3.
• E) $600.

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Definitions:

Intrusive Thoughts

Unwanted, involuntary thoughts, images, or impulses that can occur in the mind, causing distress or discomfort due to their disturbing nature.

Goal Pursuit

The ongoing process of planning and taking actions towards achieving personal or organizational objectives.

Intrinsic Motivations

Internal drives that compel individuals to engage in activities for their own sake, due to the inherent pleasure and satisfaction derived, rather than for some separable consequence.

Extrinsic Motivations

Motivation driven by external rewards such as money, fame, grades, or praise rather than by intrinsic interests or desires.