The Table Given Below Shows the Prices Charged and Marginal

question 91

Multiple Choice

The table given below shows the prices charged and marginal cost incurred by a monopolist for different units of output.Table 11.3

-Assume that the firm described in Table 11.2 is incurring a total cost of $7,000 at the profit-maximizing output level. The firm will

• A)lose $10,000 in the short run.
• B)break even.
• C)earn a profit of $3,800.
• D)earn a profit of $3,500.
• E)earn a profit of $5,500.

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Definitions:

Primary Reinforcers

Innate reinforcing qualities, such as food and water, that satisfy biological needs and do not require learning to become effective.

Radical Behaviorists

Proponents of a branch of psychology that emphasizes the study of observable behavior and the environmental factors that influence it, often minimizing or ignoring internal states like thoughts and feelings.

Internal States

Psychological and physiological conditions that exist within an individual, such as emotions, moods, desires, and health status.

Physical Punishment

The use of physical force with the intention of causing a person to experience pain, but not injury, for the purpose of correction or control.