Refer to the Following $$\begin{array} { l } Q _ { d } = 120 - 10 P \\M C _ { A } = 4 + ( 1 / 5 ) Q _ { A } \\M C _ { B } = 6 + ( 1 / 10 ) Q _ { B }\end{array}$$

question 17

Multiple Choice

Refer to the following.
A firm with two plants, A and B, has the following estimated demand and marginal cost functions:
$$\begin{array} { l } Q _ { d } = 120 - 10 P \\M C _ { A } = 4 + ( 1 / 5 ) Q _ { A } \\M C _ { B } = 6 + ( 1 / 10 ) Q _ { B }\end{array}$$
-In order to maximize profit, how many units of output should the firm produce?

• A) 10
• B) 15
• C) 25
• D) 45
• E) 50

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Definitions:

Inefficiency

The lack of ability to achieve the desired output with minimum input or to utilize resources in the best possible manner.

Subjective Experience

An individual’s personal perception, feelings, or experience of the world around them, emphasizing the importance of personal interpretation of events.

Dream Theory

A set of propositions and ideas proposed to explain the meaning, origin, and purpose of dreams in the human sleep cycle.

Circadian Rhythms

The natural, internal processes that regulate the sleep-wake cycle and repeat roughly every 24 hours.