If Tiger Toys Faces a Demand Curve of P =

question 14

Multiple Choice

If Tiger Toys faces a demand curve of P = 85 − 0.25Q and a MC = ATC = 20,then the economic profits would be

• A)$130.
• B)$6,825.
• C)$2,600.
• D)$4,225.

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Definitions:

Disruptive Innovation

An innovation that significantly alters the way that businesses operate, often displacing established market leaders and creating new industry standards.

Gaming Console

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A situation where the number of products sold or services provided by a company grows over a specific period.

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The practice of ensuring human rights, well-being, and equitable opportunities are maintained for future generations.