You are the manager of Happy Avocados, the dominant firm in the ready-made guacamole market. At your current production level, your marginal cost is $0.50 and you have estimated that your price elasticity of demand is 1.2. What price should you charge to maximize your profit?
A) $6
B) $3
C) $0.50
D) $1.20
B) $3
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Consider the following English words that are similar except for the beginning sound: cat and rat. The /c/ and the /r/ are called __________
A. morphemes B. phonemes C. syntaxes D. semantics
In some societies we find that powerful social structures, such as the economy, government, and the media, work together to create an entrenched system of inequality and oppression. According to your text, anthropologists refer to this sort of phenomenon as:
a) infrastructural rigidity. b) cultural determinism. c) cultural imperialism. d) over-developed structuralism.
Which of the following is not one of the four fields of anthropology?
a.) Applied anthropology b.) Archaeology c.) Biological anthropology d.) Linguistic anthropology
How have modern-day creationists sometimes misunderstood the contrast between microevolution and macroevolution to comment on evolution?
A. by arguing that the fossil record supports macroevolution but not microevolution B. by suggesting that speciation occurs after intense competition C. by suggesting that macroevolution, in contrast to microevolution, cannot be demonstrated based on the fossil record D. by avoiding the sharp contrast between microevolution and macroevolution E. by noting that no degree of phenotypical difference is implied by the term macroevolution