-Refer to the Above Table

question 400

Multiple Choice

-Refer to the above table. The table represents information on the costs for Ajax Corporation. Ajax operates in a perfectly competitive market and the price of the product is $7. What does profit equal when quantity equals 2?

• A) $14
• B) -$2
• C) $16
• D) $2

---

Definitions:

Von Restorff Effect

A psychological phenomenon where an item that stands out is more likely to be remembered than other items.

Intrinsic Motivations

The drive to engage in activities for their own sake, out of interest or enjoyment, rather than for external rewards or pressures.

Extrinsic Motivations

Encouragement stemming from external stimuli like cash rewards, public acclaim, educational scores, and accolades.

Insulin

An organic compound released by the pancreas, responsible for maintaining blood sugar levels by enabling glucose to be absorbed by tissues.