A Firm Has Discovered a New Kind of Nonfattening, Non-Habit-Forming

question 58

Multiple Choice

A firm has discovered a new kind of nonfattening, non-habit-forming dessert called zwiffle.It doesn't taste very good, but some people like it and it can be produced from old newspapers at zero marginal cost.Before any zwiffle could be produced, the firm would have to spend a fixed cost of $F.Demand for zwiffle is given by the equation q =12 - p.The firm has a patent on zwiffle, so it can have a monopoly in this market.

• A)The firm will produce zwiffle only if F is less than or equal to 36.
• B)The firm will not produce zwiffle if F > 12.
• C)The firm will produce 12 units of zwiffle.
• D)The firm will produce 9 units of zwiffle.
• E)None of the above.

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Definitions:

Axis II

In the context of the DSM (Diagnostic and Statistical Manual of Mental Disorders), it refers to personality disorders and intellectual disabilities.

DSM-IV

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, a manual published by the American Psychiatric Association detailing diagnostic criteria for mental disorders.

Psychological Disorder

A condition characterized by abnormal thoughts, feelings, or behaviors, significantly impacting daily functioning.

Population

The total number of people or organisms inhabiting a particular area or space.