Campus Bookstore Is the Only Textbook Supplier in the Town,a

question 43

Multiple Choice

Campus Bookstore is the only textbook supplier in the town,a profit-maximizing business.The table below represents the reservation prices for the eight students enrolled in the class for which this book is required. $$\begin{array} { c c } \text { Customer } & \begin{array} { c } \text { Reservation Price } \\\text { (\$/book) }\end{array} \\\mathrm { Q } & 60 \\\mathrm { R } & 54 \\\mathrm {~S} & 48 \\\mathrm {~T} & 42 \\\mathrm { U } & 36 \\\mathrm {~V} & 30 \\\mathrm {~W} & 24 \\\mathrm { X } & 18\end{array}$$
Assume that the marginal and average total cost for each book is $12.
Refer to the information above.What will be the economic profit for the bookstore when selling its profit-maximizing quantity?

• A) $60
• B) $120
• C) $180
• D) $240

---

Definitions:

CS and US

In classical conditioning, CS stands for Conditioned Stimulus, which becomes associated with an Unconditioned Stimulus (US) to produce a learned response.

Cognitive Perspective

A psychological approach that emphasizes mental processes such as perception, memory, and problem-solving.

Little Albert

The subject of a famous psychology experiment by John B. Watson and Rosalie Rayner, which demonstrated how fears could be conditioned in humans.

Specific Fears

Intense, irrational fears of specific objects or situations, such as heights, spiders, or flying, which can sometimes lead to avoidance behaviors.