Table 4-3 -Refer to Table 4-3.The Table Above Lists the Marginal Cost

question 40

Multiple Choice

Table 4-3

-Refer to Table 4-3.The table above lists the marginal cost of polo shirts by Marko's,a firm that specializes in producing men's clothing.If the price of polo shirts decreases from $15 to $10

• A)consumers will buy no polo shirts.
• B)the marginal cost of producing the third polo shirt will increase to $25.
• C)producer surplus will fall from $13 to $3.
• D)there will be a shortage of polo shirts.

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Definitions:

Sensory Stimuli

External factors or occurrences that are detected by the body's senses, leading to responses or reactions.

Ethogram

A catalog or inventory of all of the behaviors or actions exhibited by a particular animal species in a specific environment.

Fixed Action Pattern

A sequence of instinctual behaviors that once started, continue to completion without further external triggers.

External Control

The perception or belief that one's life outcomes are influenced by external forces or other people rather than one's own efforts.