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

question 21

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$ $\text { Cost Data }$
$\begin{array}{|c|c|c|c|c|}\hline&&(3) &\text { Total } \\\text { (1) } & \text { (2) } & \text { Quantit } & \text { Output } & \text { Total } \\\text { Price } & \text { Price } & \text { Y} & & \text { Cost }\\\hline \$ 50 & \$ 35 & 2 & 2 & \$ 45 \\\hline 45 & 30 & 3 & 3 & 55 \\\hline 40 & 25 & 4 & 4 & 70 \\\hline 35 & 20 & 5 & 5 & 90 \\\hline 30 & 15 & 6 & 6 & 115 \\\hline 25 & 10 & 7 & 7 & 145 \\\hline 20 & 5 & 8 & 8 & 180 \\\hline\end{array}$ If columns 1 and 3 are this firm's demand schedule, maximum economic profit will be

• A) $60.
• B) $70.
• C) $80.
• D) $90.

Describe the functions and characteristics of primary and secondary groups.

Explain the significance of formal organizations and bureaucracies in society.

Understand the phenomenon of groupthink and its implications in historical and contemporary contexts.

Describe attribution theory and the occurrence of attribution errors in social perception.

---

Definitions:

Malpractice Allegations

Accusations against healthcare professionals claiming that they failed to provide competent and proficient services, leading to patient harm.

Adjustment Disorder

A psychological response to an identifiable stressor, resulting in significant emotional or behavioral symptoms.

Depersonalization Disorder

A mental disorder characterized by persistent or recurrent feelings of detachment from one’s own body, thoughts, feelings, or surroundings.

Flashbacks

Sudden, intense, involuntary re-experience of past memories or traumatic events, often a symptom of PTSD.