Figure 4-4 -Refer to Figure 4-4.The Figure Above Represents the Market for Represents

question 58

Multiple Choice

Figure 4-4

-Refer to Figure 4-4.The figure above represents the market for pecans.Assume that this is a competitive market.At a quantity of 4,000 pounds,

• A)the marginal cost of pecans is greater than the marginal benefit; therefore, output is inefficiently low.
• B)producers should raise the price to $9 in order to sell the quantity demanded of 4,000.
• C)the marginal benefit of pecans is greater than the marginal cost; therefore, output is inefficiently high.
• D)the marginal benefit of pecans is greater than the marginal cost; therefore, output is inefficiently low.

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Definitions:

Amplitude

Stimulus intensity; in audition, roughly equivalent to loudness, graphed by the increasing height of a sound wave.

Loudness

Loudness is the subjective perception of the intensity of sound, often measured in decibels, influencing how sound is experienced.

Frequency

The number of occurrences of a repeating event per unit of time, often used in the context of waves or cycles.

Sensitivity To Sound

An increased responsiveness or discomfort to auditory stimuli, which can range from a mild annoyance to severe impact on daily functioning.