Solve the Problem. -A Company Manufactures and Sells X Pocket Calculators Per Week

question 53

Multiple Choice

Solve the problem.
-A company manufactures and sells x pocket calculators per week. If the weekly cost and demand equations are given by: Find the production level that maximizes profit.

• A) 18,000 pocket calculators per week
• B) 8000 pocket calculators per week
• C) 2000 pocket calculators per week
• D) 14,000 pocket calculators per week

---

Definitions:

Phillips Curve

An economic concept that illustrates an inverse relationship between the rate of inflation and the unemployment rate in the short run.

Disinflates

Disinflation refers to a reduction in the rate of inflation, leading to a slower increase in the price levels of goods and services.

Unemployment Rate

The percentage of the working-age population that is unemployed and in the process of looking for a job.

Sacrifice Ratio

An economic term that refers to the amount of production or output that must be forgone in order to reduce inflation by one percentage point.