Table 5.3 -Refer to Table 5.3.The Table Above Lists the Marginal Cost

question 128

Multiple Choice

Table 5.3
-Refer to Table 5.3.The table above lists the marginal cost of cowboy hats by The Waco Kid, a firm that specialises in producing fancy dress costumes.If the price of cowboy hats increases from $38 to $46,

• A)consumers will buy no cowboy hats.
• B)the marginal cost of producing the third cowboy hat will increase to $46.
• C)producer surplus will rise from $22 to $46.
• D)there will be a surplus of cowboy hats.

---

Definitions:

Opisthokont

Opisthokonts are a group of eukaryotes, including animals, fungi, and several other closely related groups, characterized by the posterior location of their single flagellum in motile cells.

Posterior Flagellum

A whip-like structure located at the rear end of certain cells or organisms, aiding in movement.

Monophyletic Group

A group of organisms that consists of a common ancestor and all its descendants, representing a single branch on the tree of life.

Desiccating Effect

The process or effect of removing water from something, often leading to drying out or dehydration.