A Firm Makes Two Products, Y and Z

question 6

Multiple Choice

A firm makes two products, Y and Z. Each unit of Y costs $10 and sells for $40. Each unit of Z costs $5 and sells for $25. If the firm's goal were to maximize profit, what would be the appropriate objective function?

• A) Maximize profit = $40Y = $25Z
• B) Maximize profit = $40Y + $25Z
• C) Maximize profit = $30Y + $20Z
• D) Maximize profit = 0.25Y + 0.20Z
• E) Maximize profit = $50(Y + Z)

Adopt strategies to cope with and recover from academic setbacks.

Understand the use of study tools and techniques to expand vocabulary and grasp new concepts.

Recognize the structure and unique features of textbooks across different subjects.

Understand how to effectively use primary sources and scholarly articles for academic purposes.

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Definitions:

Behaviours

The observable actions or reactions of humans or animals in response to external or internal stimuli.

Nativists

Philosophers or scientists who argue that certain skills or abilities are "native" or hard-wired into the brain at birth, contrasting with those who believe in the primacy of the environment (empiricists).

Cognitive Abilities

Refer to the mental skills that enable learning, problem-solving, memory, and attention.

Prewired Abilities

Innate capacities or functions that are present and operational at birth.