Use the Following to Answer Questions

question 195

Multiple Choice

Use the following to answer questions:
-(Table: Prices and Demand) Look at the table Prices and Demand. The New Orleans Saints have a monopoly on Saints logo baseball hats. The Saints sell at most one hat to each customer, and the table shows each customer's willingness to pay. The marginal cost of producing a hat is $18, and there are no fixed costs. How much is the Saints' profit at the profit-maximizing output?

• A) $24
• B) $18
• C) $12
• D) $30

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Definitions:

Scale Purity

Scale purity is a concept in psychometrics referring to the degree to which items on a test measure a single, coherent construct or dimension, contributing to the test's validity.

Discriminant Validity

The degree to which a measure is not correlated with other variables from which it is theoretically supposed to differ.

BDI-II

The Beck Depression Inventory-II, a widely used 21-item self-report inventory measuring the severity of depression.

Convergent Validity

The degree to which two measures of constructs that theoretically should be related, are in fact related.