Peter Morgan Sells Pigeon Pies from His Pushcart in Central

question 43

Multiple Choice

Peter Morgan sells pigeon pies from his pushcart in Central Park.Due to the abundant supplies of raw materials, his costs are zero.The demand schedule for his pigeon pies is p(y) = 150 - y/3.What level of output will maximize Peter's profits?

• A)225
• B)45
• C)450
• D)675
• E)None of the above

---

Definitions:

Negligence Action

A legal lawsuit filed when someone suffers harm due to another's failure to take reasonable care.

Insurable Interest

A vested interest by the policyholder in an insurance policy's subject matter, ensuring they suffer a direct financial loss if the insured event occurs.

Negligence

The absence of the diligence that an ordinarily prudent individual would demonstrate in comparable conditions.

Insurer

A company or individual that provides coverage, through the payment of premiums, against specified risks to life, health, or property.