Figure 7-D -Refer to Figure 7-D.The Lowest Price at Which the Firm

question 158

Multiple Choice

Figure 7-D
-Refer to Figure 7-D.The lowest price at which the firm can earn at least zero economic profit is:

• A)$60.
• B)$45.
• C)$30.
• D)$10.
• E)none of the above.

---

Definitions:

Gratified

Having given pleasure or satisfaction; in psychological terms, it often relates to the fulfillment of a desire or need.

Hereditary Component

The portion of an individual's traits or characteristics attributed to genetic inheritance from their biological parents.

Physiological Needs

Fundamental human requirements for sustaining life, including air, water, food, shelter, and sleep, critical for survival.

Safety Needs

As identified by Maslow, these are the second level of human needs in his hierarchy, including personal and financial security, health, and well-being, and protection against accidents or harm.