A Firm Is Producing Two Goods (X and Y)that Are $$Q _ { d } = 120 - 4 P _ { x } - 10 P _ { y }$$

question 53

Multiple Choice

A firm is producing two goods (X and Y) that are related in consumption.The demand function for X is: $$Q _ { d } = 120 - 4 P _ { x } - 10 P _ { y }$$ In order to maximize profit,the firm

• A)should determine jointly the levels of output for the two goods.
• B)should treat the price of Y as given when determining the optimal production of good X.
• C)should choose the levels of output for goods X and Y at which total marginal revenue equals total marginal cost.
• D)both a and b
• E)both a and c

---

Definitions:

River's Discharge

The volume of water flowing through a river channel at any given location and time, typically measured in cubic meters per second.

Time Change

An alteration in the standard time, usually referring to adjustments made for daylight saving time or time zone changes.

Erosion

A method where natural powers transport soils, rocks, or substances in solution from their original place to a new location.

Deposition

Deposition is the geological process by which sediments, minerals, and particles are accumulated or laid down in new locations, often by water, wind, or ice.