The Height of the Supply Curve at a Quantity of 100

question 99

Multiple Choice

The height of the supply curve at a quantity of 100 represents the

• A) total value of all 100 units to consumers.
• B) minimum price required to induce a producer to supply the hundredth unit.
• C) equilibrium price of the good regardless of the position of the demand curve.
• D) profit derived by producers from the sale of the hundredth unit.

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Definitions:

Secondary Sex Characteristics

Nonreproductive sexual characteristics, such as female breasts and hips, male voice quality, and body hair.

Conventional Morality

The stage in moral development where individuals make decisions based on societal rules and laws.

Postconventional Stage

A stage in Kohlberg's theory of moral development, in which individuals base their moral judgments on principles that transcend societal rules.

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