The XYZ Steel Company Produces Its Own Coal for Use

question 16

Multiple Choice

The XYZ Steel Company produces its own coal for use in its production facility.The demand for steel is given by P_s = 500 - 2Q_s and the total cost of producing steel is given by TC_s = 175Q_s,where Q_s is tons of steel per week.The price of coal in a perfectly competitive market outside the firm is $250 per ton,and the total cost of producing coal is given by TC_c = 40 + 5Q_c²,where Q_c is tons of coal per week.How much coal will XYZ sell outside the firm?

• A) 6.25 tons.
• B) 18.75 tons.
• C) 25 tons.
• D) 43.75 tons.
• E) 75 tons.

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Definitions:

Psychoanalytic Theory

A theory of personality development and its complex functioning in adulthood originated by Sigmund Freud.

Superego

In Freud’s personality theory, the last of three aspects of personality, which serves as an “internalized parent” that causes one to feel guilty if his behavior deviates from parental and societal restrictions.

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, known for his theories of the unconscious mind and the development of psychosexual stages.

Social Learning Theorists

Social learning theorists propose that people learn behaviors, attitudes, and emotional reactions through observing others and the consequences of their actions, rather than through direct personal experience alone.