A Firm Sells Two Goods (X and Y)that Are Related

question 7

Multiple Choice

A firm sells two goods (X and Y) that are related in consumption.The estimated demand and cost conditions are: $$\begin{array} { l } P _ { X } = 20 - 0.1 Q _ { X } - 0.05 Q _ { y } \\P _ { y } = 70 - 0.3 Q _ { y } - 0.1 Q _ { X } \\M C _ { X } = 1 + 0.1 Q _ { X } \\M C _ { y } = 2 + 0.25 Q _ { y }\end{array}$$ What are the profit-maximizing levels of output for the two goods?

• A) \(Q _ { x }\) = 20, \(Q _ { Y }\) = 10
• B) \(Q _ { x }\) = 41, \(Q _ { Y }\) = 24
• C) \(Q _ { x }\) = 56, \(Q _ { Y }\) = 24
• D) \(Q _ { x }\) = 51, \(Q _ { Y }\) = 74
• E)none of the above

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Definitions:

Frontal Cortex

The forward area of the cerebral cortex that plays a role in making decisions, resolving problems, regulating actions with intent, conscious awareness, and feelings.

DTI Studies

Diffusion Tensor Imaging (DTI) studies are a type of MRI technology used to investigate the integrity of white matter pathways in the brain.

Intrahemispheric Connections

The neural pathways that connect regions within the same hemisphere of the brain.

Interhemispheric Connections

Refers to the neural pathways that connect the two hemispheres of the brain, facilitating communication between them.