Table 17-8

question 1

Multiple Choice

Table 17-8.For a certain small town,the table shows the demand schedule for water.Assume the marginal cost of supplying water is constant at $4 per bottle.

-Refer to Table 17-8.If there were many suppliers of bottled water,what would be the price and quantity?

• A) The price would be $6 per gallon and the quantity would be 400 gallons.
• B) The price would be $5 per gallon and the quantity would be 500 gallons.
• C) The price would be $4 per gallon and the quantity would be 600 gallons.
• D) The price would be $3 per gallon and the quantity would be 700 gallons.

---

Definitions:

Recognizing

The action or process of identifying someone or something from previous encounters or knowledge.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates.

Focal Object

The central or primary object of attention or focus in a given context or scenario.

Perception Influences

Various factors that affect how individuals perceive and interpret the world around them, impacting judgments and decisions.