Use the Following to Answer Questions

question 179

Multiple Choice

Use the following to answer questions:
Figure: Demand, Revenue, and Cost Curves
-(Figure: Demand, Revenue, and Cost Curves) Look at the figure Demand, Revenue, and Cost Curves. Figglenuts-R-Us is a monopolist in the figglenut market. Figglenuts-R-Us will sell _____ figglenuts and set a price of _____ to maximize profits.

• A) 70; $65
• B) 100; $50
• C) 120; $40
• D) 150; $46

---

Definitions:

Recategorization

The process of redefining or changing the classification of something, often to aid in understanding or grouping.

Altering Attitudes

The process of changing one’s own or another's stance, opinion, or feelings towards someone or something.

Audience's Characteristics

These are the traits, interests, demographics, and behaviors of the intended or actual audience of a message or product.

Medium Of Communication

Channels or systems through which information is transmitted from one entity to another, such as spoken language or media.