Suppose That Firms a and B Each Produce High-Resolution Computer

question 92

Multiple Choice

Suppose that Firms A and B each produce high-resolution computer monitors,but Firm A can do so at a lower cost.Cassie and David each want to purchase a high-resolution computer monitor,but David is willing to pay more than Cassie.If Firm A produces a monitor that Cassie buys but David does not,then the market outcome illustrates which of the following principles?
(i)
Free markets allocate the supply of goods to the buyers who value them most highly,as measured by their willingness to pay.
(ii)
Free markets allocate the demand for goods to the sellers who can produce them at the least cost.

• A)(i)only
• B)(ii)only
• C)both (i)and (ii)
• D)neither (i)nor (ii)

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Definitions:

Mechanically Ventilate

To provide assistance or support to a patient’s breathing using a machine (ventilator), often used when a patient cannot breathe adequately on their own.

Nasotracheal Suctioning

A procedure to remove secretions from the nose and trachea to maintain airway patency and prevent infection.

Heart Rate

The number of heartbeats per unit of time, typically expressed as beats per minute (bpm).

Oxygen Saturation

A measure of the amount of oxygen carried by red blood cells in the bloodstream, indicating how well oxygen is being distributed throughout the body.