Rabelaisian Restaurants Has a Monopoly in the Town of Upper

question 3

Multiple Choice

Rabelaisian Restaurants has a monopoly in the town of Upper Glutton. Its production function is Q = 10L, where L is the amount of labor it uses and Q is the number of meals produced. Rabelaisian Restaurants finds that in order to hire L units of labor, it must pay a wage of 10 + .1L per unit of labor. The demand curve for meals at Rabelaisian Restaurants is given by P =. The profit-maximizing output for Rabelaisian Restaurants is

• A) 2,500 meals.
• B) 20,000 meals.
• C) 10,000 meals.
• D) 2,000 meals.
• E) 1,250 meals.

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Definitions:

Electroconvulsive Therapy

A psychiatric treatment in which seizures are electrically induced in patients to provide relief from mental disorders, primarily severe depression.

Personal Control

Our sense of controlling our environment rather than feeling helpless.

Mental Health

the state of well-being in which an individual realizes his or her own abilities, can cope with the normal stresses of life, can work productively, and is able to make a contribution to his or her community.

Therapeutic Alliance

The collaborative and trusting relationship between a therapist and client, seen as a key factor in effective psychotherapy.