Refer to the Following:
a Firm Sells Two Goods (X

question 46

Multiple Choice

Refer to the following:
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 prices for the two goods?

• A) \(P _ { X }\) = $25.60,\(P _ { y }\) = $20.50
• B) \(P _ { X }\) = $30,\(P _ { y }\) = $35
• C) \(P _ { X }\) = $50,\(P _ { y }\) = $45
• D) \(P _ { X }\) = $11.20,\(P _ { y }\) = $42.70

---

Definitions:

Charles Darwin

A 19th-century naturalist and geologist, best known for his contributions to the science of evolution, particularly the theory of natural selection.

Cognitive Neuroscience

The scientific field that studies the biological processes and aspects that underlie cognition, with a specific focus on the neural connections in the brain which are involved in mental processes.

Psychology

The scientific study of the mind and behavior, including both the conscious and unconscious phenomena, as well as thought processes in humans and animals.

Philosophy

The examination of the essential characteristics of knowledge, reality, and being, particularly in the context of an academic field.