Figure 98 Figure 9

question 278

Essay

Figure 9.8 Figure 9.8 reflects the cost and revenue structure for a monopoly that has been in business for a very long time.
-Refer to Figure 9.8.Use the figure above to answer the following questions.
a. Identify the curves labelled A and B.Identify the curve which contains both point Y and point Z.Identify the curve which contains both point V and point W.
b.What is the profit-maximising quantity and what price will the monopolist charge?
c.What area represents total revenue at the profit-maximising output level?
d.What area represents total cost at the profit-maximising output level?
e.What area represents profit?
f.What is the profit per unit (average profit)at the profit-maximising output level?
g.If this industry was organised as a perfectly competitive industry, what would be the profit-maximising price and quantity?
h.What area represents the deadweight loss as a result of a monopoly?
__________________________________________________________________________________________________________________________________________________________________________________________

Recognize the multifaceted, hierarchical, and dynamic nature of self-concept.

Identify factors contributing to prosocial behavior in children.

Comprehend the early signs of moral development and its contradictions to Freud's predictions.

Explain the role of social comparison in self-assessment and self-enhancement.

---

Definitions:

Conditions of Worth

Standards that one feels they must adhere to in order to earn positive regard from others.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.

Unconditional Positive Regard

An attitude of acceptance and support toward a person regardless of what the person says or does, originally described in the context of client-centered therapy.

Self-Actualization

A concept in humanistic psychology representing the process by which individuals realize their full potential and capabilities.