You Are a Manager in a Perfectly Competitive Market

question 93

Multiple Choice

You are a manager in a perfectly competitive market.The price in your market is $14.Your total cost curve is C(Q) = 10 + 4Q + 0.5Q².What level of profits will you make in the short run?

• A) $20
• B) $40
• C) $60
• D) $80

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Definitions:

Resource Theory

A theory in social science that suggests individuals have resources (e.g., economic, emotional) that they use to maintain power in relationships.

Physical Abuse

The use of physical force against someone in a way that injures or endangers that person.

Society Condones

Society condones refers to the broader social acceptance or tolerance of certain behaviors, activities, or ideas, even if they may be considered immoral or illegal by some standards.

Patriarchy/Male Dominance

A social system in which men hold primary power, dominating in roles of political leadership, moral authority, social privilege, and control of property.