Use the Following Scenario to Answer the Following Questions

question 113

Multiple Choice

Use the following scenario to answer the following questions:
In 2011,three firms (Firm A,Firm B,and Firm C) were selling cellular phone service for a price of $40 per month in Playa del Carmen,Mexico.Each firm serviced 100 cell phone customers; thus,all firms together serviced a total of 300 customers.Assume marginal cost is $0 (zero) for all firms and thus total revenue is equal to total profit.In 2012,Firms A and B each continued to service 100 customers,but Firm C now serviced 150 customers; thus,all firms together serviced a total of 350 customers.All firms now charge $30 per month.
-Due only to the price effect,profits for each firm decline by $1,000.Due only to the output effect,profits for both Firm A and Firm B did not change,and profits for Firm C increased by $1,500.It was in Firm C's interest to increase output because Firm C realized only ________ of the total $3,000 price effect,but it realized the full ________ of the total quantity effect.

• A)
• $1,000; $1,500
• B) $2,500; $1,500
• C) $2,250; $1,500
• D) $1,750; $1,250
• E) $2,000; $1,250

---

Definitions:

ECG Equipment

Instruments and devices used to record the electrical activity of the heart over a period of time.

Electric Equipment

Devices or machinery powered by electricity, used in a variety of applications from household to industrial.

Wandering Baseline

A term often used in electrocardiogram (ECG) interpretation to describe a fluctuating baseline signal that deviates from the horizontal axis, affecting the clarity of the recording.

Leads

In medical terms, it often refers to the wires and patches used in electrocardiography (ECG) that detect heart activity.