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question 125

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Use the following to answer questions: Use the following to answer questions:   -(Table: Demand Schedule for Gadgets)  Look at the table Demand Schedule for Gadgets. The market for gadgets consists of two producers, Margaret and Ray. Each firm can produce gadgets with no marginal cost or fixed cost. Suppose that these two producers have formed a cartel, agreed to split production of output evenly and are maximizing total industry profits. If Margaret decides to cheat on the agreement and sell 100 more gadgets, Margaret's quantity effect will be a(n)  _____ in profit of _____. A)  decrease; $250 B)  increase; $150 C)  increase; $400 D)  decrease; $400
-(Table: Demand Schedule for Gadgets) Look at the table Demand Schedule for Gadgets. The market for gadgets consists of two producers, Margaret and Ray. Each firm can produce gadgets with no marginal cost or fixed cost. Suppose that these two producers have formed a cartel, agreed to split production of output evenly and are maximizing total industry profits. If Margaret decides to cheat on the agreement and sell 100 more gadgets, Margaret's quantity effect will be a(n) _____ in profit of _____.


Definitions:

Bandwidth

The range of frequencies within a given band, particularly used in reference to the transmission capacity of a network or the passband of a filter.

Parallel LC Circuit

A circuit configuration that contains both inductance (L) and capacitance (C) in parallel, which can exhibit resonance at a specific frequency where reactive effects cancel each other.

Impedance

A measure of the total opposition that a circuit presents to alternating current, including both resistance and reactance.

Apparent Power

The total power within an AC circuit, represented as VA (volt-amperes), which combines both real power and reactive power.

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