You Are the Manager of a Firm That Produces Output

question 61

Multiple Choice

You are the manager of a firm that produces output in two plants.The demand for your firm's product is P = 120 - 6Q, where Q = Q₁ + Q₂.The marginal cost associated with producing in the two plants are MC₁ = 2Q₁ and MC₂ = 4Q₂.What price should be charged to maximize profits?

• A)60.
• B)66.
• C)70.
• D)76.

---

Definitions:

Turbulent Environment

An unpredictable or unstable state of affairs in which change happens rapidly and unpredictably, affecting organizations or activities.

Career Advantage

A competitive edge that a person might have in their professional life, stemming from skills, experiences, or qualifications.

Contemporary Organisations

Contemporary organizations are modern entities characterized by their adaptability, innovation, and a flat or flexible structure, often focusing on technology and employee empowerment.

Sustainable Career Advantage

A long-term benefit in one's professional life that enables them to maintain competitiveness and fulfillment in their career.