Assume There Are 100 Suppliers of Widgets in the Widget

question 81

Multiple Choice

Assume there are 100 suppliers of widgets in the widget market.Half of these suppliers supply 35 widgets to the market,a quarter of these suppliers supply 40 widgets to the market,and a quarter of these suppliers supply 50 widgets to the market.What is the market supply for widgets?

• A) 100
• B) 125
• C) 400
• D) 4,000
• E) 1,750

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Definitions:

Robert Merton

An American sociologist noted for developing the theory of structural functionalism and concepts like self-fulfilling prophecy and role model.

Social Institution

An organized system of social behavior with a particular and recognized purpose, like family, education, religion, or the economy.

Structural Functionalism

A sociological approach that sees society as a complex system whose parts work together to promote solidarity and stability.

Stability

The state of being steady, consistent, and relatively unchanged, often regarded as a desirable condition in various contexts such as social, economic, and ecological systems.