Refer to the Figure Below

question 50

Multiple Choice

Refer to the figure below. If this firm is a price taker and the price of each unit of output is $10, then this firm should:

• A)produce 45 units of output.
• B)shut down in the short run.
• C)raise its price to increase its revenue.
• D)lower its output to decrease its marginal cost.

---

Definitions:

Hypnosis

A trance-like state of focus and concentration achieved with the help of a therapist, used for therapeutic purposes.

Posthypnotic State

A condition after hypnosis in which the individual may carry out suggestions given during the hypnotic session.

Dissociation Theory

A psychological theory that explains a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.

Frequency Theory

A theory regarding how sounds are encoded by the rate at which auditory nerve fibers fire.