Table 12-3 Table 12-3 Shows the Short-Run Cost Data of Data

question 9

Multiple Choice

Table 12-3
Table 12-3 shows the short-run cost data of a perfectly competitive firm.Assume that output can only be increased in batches of 20 units.
-Refer to Table 12-3.If the market price is $45 the firm will produce

• A)60 units.
• B)80 units.
• C)100 units
• D)120 units

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Definitions:

Haplodiploidy Hypothesis

A theory related to social behavior in insects, suggesting that the unusual sex determination system of haplodiploidy contributes to the evolution of eusociality, especially in bees, ants, and wasps.

Kin Selection

A biological approach that prioritizes the reproductive achievements of an organism's kin, sometimes sacrificing the organism's own life and reproductive potential.

Coefficient of Relatedness

A measure of the genetic similarity between individuals, used to predict the likelihood of altruistic behavior.

Evolution of Altruism

The process through which selfless behaviors that benefit other individuals at a cost to oneself become advantageous in evolutionary terms.