Use the Following to Answer Questions

question 346

Multiple Choice

Use the following to answer questions:
Figure: PPV
-(Figure: PPV) Look at the figure PPV, which shows the demand and marginal revenue for a pay-per-view football game on cable TV. Assume that the marginal cost and average cost are a constant $20. If the cable company is a monopoly, how much is consumer surplus when the monopolist maximizes profit?

• A) $20
• B) $40
• C) $80
• D) $160

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Definitions:

Homology

Refers to the existence of shared ancestry between a pair of structures, or genes, in different taxa.

Forelimbs

The front limbs of an organism, which in humans are the arms, including the hands, wrists, forearms, and elbows.

Mammals

The class of vertebrates characterized by hair, mammary glands, a diaphragm, and differentiation of teeth.

DNA Sequences

The order of nucleotides in a DNA molecule, determining genetic information and characteristics of living organisms.