A Firm Makes Two Products, Y and Z

question 55

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, the appropriate objective function would be

• A) maximize $40Y = $25Z.
• B) maximize $40Y + $25Z.
• C) maximize $30Y + $20Z.
• D) maximize 0.25Y + 0.20Z.
• E) maximize $20Y + $50Z.

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Definitions:

One Drop Rule

A racial classification system that asserts any person with even one ancestor of sub-Saharan African ancestry ("one drop" of African blood) is considered Black.

Biological Definition

A precise scientific description of an organism or a condition using biological terms and concepts.

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