Use the Following to Answer Question

question 180

Multiple Choice

Use the following to answer question:
-(Table: Demand Schedule of Gadgets) Use Table: Demand Schedule of Gadgets.The market for gadgets consists of two producers,Margaret and Ray.Each firm can produce gadgets at a marginal cost of $2 and no 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 price effect will be a(n) _____ in profit of _____.

• A)decrease;$400
• B)increase;$400
• C)increase;$200
• D)decrease;$200

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Definitions:

Vocabulary

The set of words known and used by a person or group, or relevant to a particular subject.

Overregularization Errors

Occur in language development when children mistakenly apply standard grammatical rules to irregular cases.

Functional Morphemes

Morphemes that serve a grammatical function rather than conveying concrete semantic content, such as articles, prepositions, conjunctions.

Garden Path Sentence

A sentence that begins in such a way that a reader's most likely interpretation will be incorrect; the reader is led down the "garden path".