Table 17-5

question 66

Multiple Choice

Table 17-5.Imagine a small town in which only two residents,Bill and Ben,own wells that produce safe drinking water.Each week Bill and Ben work together to decide how many gallons of water to pump,to bring the water to town,and to sell it at whatever price the market will bear.Assume Bill and Ben can pump as much water as they want without cost so that the marginal cost of water equals zero.
The weekly town demand schedule and total revenue schedule for water are shown in the table below.

-Refer to Table 17-5.If the market for water were perfectly competitive instead of monopolistic,how many gallons of water would be produced and sold?

• A) 70
• B) 90
• C) 110
• D) 120

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Definitions:

Maternal Effect Genes

Genes of the mother that are transcribed during oogenesis and subsequently affect the development of the embryo. Compare with zygotic genes.

Drosophila Development

The study of growth and development processes in the fruit fly Drosophila melanogaster, a model organism in genetics and developmental biology.

Developmental Genetics

The study of how genetic mechanisms contribute to the process of organismal development, from fertilization to mature form.

Drosophila Melanogaster

A species of fly commonly used in genetic research, known for its quick life cycle and relatively simple genome, which makes it an ideal model organism.