You are the manager of Frozen Super Paws Treats, the dominant firm in market for frozen ice cream treats for dogs. At your current production level, your marginal cost is $1.75 and you have estimated that your price elasticity of demand is 1.5. What price should you charge to maximize your profit?
A) $5.25
B) $7.45
C) $1.50
D) $1.75
A) $5.25
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The American anthropologist Edward Sapir and his student, Benjamin Whorf, drawing on his experience with the language of the Hopi Indians, developed a full-fledged theory now known as the theory of:
a. cultural relativity. b. linguistic relativity. c. code switching. d. linguistic nationalism. e. phenomenology.
Which of the following is an element in the world-wide spread of agriculture?
a. ability to infinitely increase carrying capacity in an area b. technological innovation c. population growth d. warfare
Genetic traits that occur as a continuum in a population are likely to be due to __________
a. X-linked disorders b. polygenic inheritance c. single gene effects d. environmental exposure
Most known Neanderthal sites in Western Europe are located __________
A) in caves and rock shelters B) in open savanna areas C) on mountain slopes D) in forested areas