Suppose That the Demand Curve for Antimacassars Is P =

question 8

Multiple Choice

suppose that the demand curve for antimacassars is p = 55 - Q/1,100.The firm's profit-maximizing output is closest to

• A)4,900.50 antimacassars.
• B)22,275 antimacassars.
• C)7,425 antimacassars.
• D)14,850 antimacassars.
• E)3,712.50 antimacassars.

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Definitions:

Regulatory Powers

The authority granted to governmental bodies to regulate the behavior of individuals, businesses, and other entities within a society, especially in economic and social policy.

Abolitionist Petitions

Written appeals made by individuals or groups demanding the end of slavery, often presented to legislative bodies.

Slave Trade

The historical trade of enslaved people, particularly across the Atlantic Ocean from Africa to the Americas, that peaked in the 17th to 19th centuries, involving millions of Africans being forcibly transported and sold.