Refer to the Graphs Above

question 37

Multiple Choice

Refer to the graphs above. Suppose a firm is currently producing 500 computers per week and charging a price of $1000. How will the firm respond to a positive demand shock if prices are inflexible?

• A) The firm will increase production to 650 computers per week and charge a price of $1000
• B) The firm will continue to produce 500 computers per week and charge a price of $1000
• C) The firm will cut production to 300 computers per week and charge a price of $1000
• D) The firm will cut production to 300 computers per week and charge a price of $600

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Definitions:

Nuclear Family

A family structure that consists of two parents living with their biological or adopted children, typically considered the smallest, basic unit of a family.

Functionalist Positions

Theoretical perspectives in sociology that emphasize the interconnectedness of social institutions and their role in maintaining social order and stability.

Marxist

Pertaining to the theories of Karl Marx, which focus on class conflict, economic determinism, and the critique of capitalism.

Feminist

Relates to a movement or perspective that seeks to address and advocate for women's rights and equality between genders, challenging societal norms and structures that perpetuate gender disparities.