Refer to the Following What Are the Profit-Maximizing Prices for the Two Goods?
A)

question 33

Multiple Choice

Refer to the following: $$\begin{array} { l } P _ { X } = 666 - 0.5 Q _ { X } - 2 Q _ { Y } \\P _ { Y } = 484.5 - 1.5 Q _ { Y } - 0.25 Q _ { X } \\M C _ { X } = 20 + 2 Q _ { X } \\M C _ { Y } = 4 + Q _ { Y }\end{array}$$ What are the profit-maximizing prices for the two goods?

• A) \(P _ { X }\) = $375, \(P _ { y }\) = $284
• B) \(P _ { X }\) = $423, \(P _ { y }\) = $712
• C) \(P _ { X }\) = $166, \(P _ { y }\) = $324
• D) \(P _ { X }\) = $481, \(P _ { y }\) = $588

---

Definitions:

Opening Retained Earnings

The balance of retained earnings at the beginning of the accounting period.

Comparative Financial Statements

Financial statements that present financial information for multiple periods side-by-side, allowing for analysis and comparison across different time frames.

Double-Declining-Balance

A method of accelerated depreciation that doubles the rate at which an asset’s book value depreciates, allowing for a larger expense deduction in the early years of the asset’s life.

Straight-Line Depreciation

A method of allocating an asset's cost evenly over its useful life.