The Table Given Below Shows the Price,marginal Revenue and Marginal

question 79

Multiple Choice

The table given below shows the price,marginal revenue and marginal cost of a monopolist at different levels of the output.The firm does not incur a fixed cost of production. Table 10.4

- In Table 10.4,assume that total fixed costs are $20.What is the maximum profit the firm can earn at equilibrium?

• A)$0
• B)$4
• C)$16
• D)$30
• E)$52

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Definitions:

Contiguity

The principle that for learning to take place, the stimulus and response should occur close together in time.

Response and Reward

The relationship between performing a specific behavior and receiving a corresponding outcome or reward, crucial in learning and motivation.

Guthrie

A psychologist recognized for his "contiguity theory" of learning, positing that associations between stimuli and responses are established through pairing or association.

Competing Associations

In learning and memory, the concept where multiple stimuli or ideas are linked to a single response or memory, leading to potential conflicts in recall or behavior.