Use the Table Below to Answer the Following Questions

question 161

Multiple Choice

Use the table below to answer the following questions.
Table 27.1.3

-Refer to Table 27.1.3. Autonomous consumption is equal to

• A)$0.
• B)$65.
• C)$100.
• D)$260.
• E)$400.

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Definitions:

Daily Profit

The financial gain calculated as the difference between revenue and expenses for a single day.

Capacity

The maximum output that a company can produce under normal conditions over a given period of time.

Marginal Costs

The uplift in total financial outlay required for the making of another unit of a product or service.

Cournot Duopolists

Firms in a market where only two producers exist and compete under the Cournot assumption, where each firm decides its production level assuming the output of its competitor is fixed.