Use the Following to Answer Question

question 246

Multiple Choice

Use the following to answer question:
Figure: The Profit-Maximizing Output and Price
-(Figure: The Profit-Maximizing Output and Price) Use Figure: The Profit-Maximizing Output and Price.Assume that there are no fixed costs and AC = MC = $200.If this were a perfectly competitive industry,consumer surplus would be:

• A)$0.
• B)$6,400.
• C)$1,600.
• D)$3,200.

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Definitions:

Habituation

Habituation is the psychological process in which there is a decrease in response to a repeated stimulus over time.

Violent TV

Television content that includes scenes of physical or aggressive behavior intended to cause harm.

Orient

To align or position something relative to points of reference or to familiarize oneself with a particular situation or environment.

Habituation

A mental conditioning process where the reaction to a stimulus reduces due to its repeated presentation.