In the Problem Discussed in Your Workbook, the Cost of Capturing

question 7

Multiple Choice

In the problem discussed in your workbook, the cost of capturing a cockatoo and transporting him to the United States is about $40 per bird.Cockatoos are drugged and smuggled in suitcases to the United States.Half of the smuggled cockatoos die in transit.Each smuggled cockatoo has a 10% probability of being discovered, in which case the smuggler is fined.If the fine imposed for each smuggled cockatoo is increased to $700, then the equilibrium price of cockatoos in the United States will be

• A)$110.
• B)$244.44.
• C)$75.
• D)$61.
• E)$155.56.

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Definitions:

Nervous System

A complex system of nerves and cells that transmits signals between different parts of the body, crucial for bodily functions and response to the environment.

Communication Network

A system or structure that enables the exchange of information between individuals or entities using various channels and technologies.

Autonomic Nervous System

A part of the nervous system that unconsciously regulates bodily functions such as heart rate, digestion, and respiratory rate.

Somatic Nervous System

The part of the peripheral nervous system that handles voluntary control of body movements through the control of skeletal muscles.