-Use the Figure Above to Answer This Question

question 63

Multiple Choice

-Use the figure above to answer this question.Mary is the only veterinarian in a small town and rents a space for her practice.If Mary's landlord decided to charge ________ per hour in rent,Mary would ________.

• A) $20 more; earn $0 economic profit
• B) $20 more; still earn an economic profit because she is a monopolist
• C) $30 more; earn $0 economic profit
• D) $10 less; raise her prices and earn a higher profit
• E) $30 more; operate on the inelastic portion of her demand curve

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Definitions:

Human Gene

A segment of DNA located on a chromosome that is responsible for the physical and inheritable characteristics of a person.

Introns

Non-coding sequences of DNA within a gene that are removed during mRNA processing, leaving only the exons to be translated into protein.

Transgenic Organisms

Organisms whose genomes have been artificially changed by the introduction of a gene from a different species, using techniques of genetic engineering.

Genetically Engineered

Organisms that have had their genetic material altered in a way that does not occur naturally through mating and/or natural recombination.