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

question 19

Multiple Choice

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

• A)complement
• B)substitutes
• C)independent
• D)normal
• E)inferior

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Definitions:

Self-Induced Vomiting

A behavior where an individual voluntarily induces vomiting, often seen in eating disorders.

Amenorrhea

The absence of menstruation in someone of reproductive age under conditions not including pregnancy or menopause.

Anorexia

A mental health condition where the individual experiences dangerously low body weight, an intense aversion to gaining weight, and a false perception of their body's weight or shape.

Hypokalemia

A condition characterized by lower than normal levels of potassium in the bloodstream.