If the Demand Curve for Comic Books Is Expressed as Q

question 4

Multiple Choice

If the demand curve for comic books is expressed as Q = 10,000 * p-1, then demand has a unitary elasticity

• A)only when p = 10,000.
• B)only when p = 100.
• C)always.
• D)never.

Compare and contrast the views of Talcott Parsons and Robert K. Merton on structural functionalism.

Analyze the critiques and limitations of systems theory and structural functionalism.

Understand the concepts of teleology and tautology in the context of sociological theories.

Recognize the role of prestige and positions in societal structures and stratification.

---

Definitions:

Marginal Cost

The price of manufacturing an additional unit of a product or service.

Shutdown

A short-term decision by a company to cease operations due to unfavorable market conditions, aiming to minimize losses.

Short-Run Supply Curve

A graph that shows the relationship between the price of a good and the quantity of that good supplied by producers over a short period, where some inputs are fixed.

Long-Run Supply Curve

A graphical representation showing how the quantity supplied of a good or service varies with price over a long period, when all inputs can be varied.