Find Two Numbers Whose Sum Is 48 and Whose Product

question 181

Multiple Choice

Find two numbers whose sum is 48 and whose product is a maximum.

• A) 24 and 24
• B) 6 and 30
• C) 36 and 12

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Definitions:

Substitutes

Products or services that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.

Market-Clearing Level

Market-Clearing Level is the price point at which the quantity of goods supplied is equal to the quantity of goods demanded, eliminating any surplus or shortage in the market.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specific period.

Quantity Demanded

The aggregate quantity of a product or service that buyers are prepared and capable of buying at a certain price point.