The Figure Below Shows the Supply and Demand Curves for Oranges

question 44

Multiple Choice

The figure below shows the supply and demand curves for oranges in Smallville. The marginal buyer values the tenth pound of oranges at ______.

• A)$0
• B)$4
• C)$8
• D)$12

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Definitions:

Private Experiences

Internal, subjective states that include thoughts, feelings, and perceptions, accessible only to the individual experiencing them.

Theory of Activation-Synthesis

A theory suggesting that dreams are the result of the brain trying to make sense of random neural activity during REM sleep.

Automatic Processes

Mental activities that occur without conscious effort or awareness, often due to habituation or practice.

Controlled Processes

Cognitive activities that require deliberate, intentional, and conscious effort in order to be carried out.