-Refer to the Above Table

question 62

Multiple Choice

-Refer to the above table. The table represents information on the costs for Ajax Corporation. Ajax operates in a perfectly competitive market and the price of the product is $7. What will be the value of total revenue when quantity sold equals 2?

• A) $7
• B) $14
• C) $21
• D) $16

---

Definitions:

Cognitive Development

The process of growth and change in intellectual capabilities that occurs from infancy to adulthood.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a key concept in cognitive development during infancy.

Conservation

A principle in cognitive development theorizing that children learn an object's volume, mass, or number remains unchanged, even when its shape or arrangement changes.

Carnival Game

A game of skill or chance played at fairs, amusement parks, or carnivals, often involving the attempt to win a prize.