Provide an Appropriate Response

question 20

Multiple Choice

Provide an appropriate response.
-Maximize the product of two numbers if their sum must be 26.

• A) f(x, y) = f(-13, -13) = 26
• B) f(x, y) = f(13, 13) = 26
• C) f(x, y) = f(-13, -13) = 169
• D) f(x, y) = f(13, 13) = 169

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Definitions:

Gain From Trade

The increase in welfare or benefit that countries or entities experience as a result of engaging in voluntary trade with each other.

Total Production

The complete quantity of goods and services produced by an economic entity in a certain period.

Opportunity Costs

The potential benefits or returns that are foregone by choosing one alternative over another.

Trade Price

The price at which goods or services are traded between companies, often lower than retail price.