Answer the Question on the Basis of the Following Demand $\quad$

question 132

Multiple Choice

Answer the question on the basis of the following demand and cost data for a specific firm. $\quad$$\quad$$\quad$$\quad$$\text { Demand Data }$ $\quad$$\quad$$\quad$ $\text { Cost Data }$
$\begin{array}{|c|c|c|c|c|}\hline(1) &(2) &(3) &&\text { Total } \\\text { Price }&\text { Price }&\text { Quanti }&\text { Outpu }&\text { Cost } \\&&\text { ty }& \text { t }\\\hline 11.0 & \$ 10.0 & 6 & 6 & \$ 61 \\0 & 0 & & & \\\hline 9.99 & 8.85 & 7 & 7 & 62 \\\hline 9.00 & 8.00 & 8 & 8 & 64 \\\hline 8.00 & 7.00 & 9 & 9 & 67 \\\hline 7.10 & 6.10 & 10 & 10 & 72 \\\hline 6.00 & 5.00 & 11 & 11 & 79 \\\hline 5.15 & 4.15 & 12 & 12 & 86 \\\hline\end{array}$ If columns (1) and (3) of the demand data shown are this firm's demand schedule, the profit-maximizing level of output will be

• A) 12 units.
• B) 8 units.
• C) 10 units.
• D) 9 units.

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Definitions:

Environment In Adaptation

The process whereby organisms adjust to changes in their surroundings or habitat to enhance survival and reproduction.

Types Of Reciprocity

Describes different forms of exchanging goods, services, or favours among individuals or groups, including balanced, generalized, and negative reciprocity, each with its own expectations and norms.

Marketable Commodities

Goods or products that can be bought, sold, or traded in a market.

Government Regulation

A set of rules or laws designed by government bodies to control or direct the actions of individuals, businesses, or other entities within society.