Use the Following to Answer Question

question 236

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.If the industry were actually perfectly competitive,the output would be _____ gadgets,and the price would be _____.

• A)0;$10
• B)500;$5
• C)600;$4
• D)800;$2

Understand the neurobiological underpinnings of language development in young children.

Recognize the long-term impact of aversive childhood experiences on mental health.

Describe the process of brain growth and its components up to adolescence.

Identify the stages of motor development in infants and toddlers.

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Definitions:

Break-Even

The point at which total costs and total revenue are equal, meaning there is no net loss or gain, and one has "broken even."

Monthly

Pertaining to or calculated for a period of one month.

Variable Expense

Expenses that fluctuate with changes in production volume or level of activity, similar to variable costs.

Operating Leverage

A measure of how revenue growth translates into growth in operating income.