In Problem 2, If the Demand for Pigeon Pies Is

question 18

Multiple Choice

In Problem 2, if the demand for pigeon pies is given by p(y) = 50 - , then the level of output that will maximize Peter's profit is

• A) 100.
• B) 50.
• C) 150.
• D) 10.
• E) None of the above.

---

Definitions:

Loam

Soil with roughly equal amounts of sand, silt, and clay.

Silt

Fine-grained soil or sediment with particles smaller than sand and larger than clay, often carried by water and deposited as sediment.

Clay

A natural, earthy material composed of fine-grained minerals, often used in pottery, bricks, and sculpture, known for its plasticity when moist.

Gymnosperms

A group of seed-producing plants that includes conifers, cycads, Ginkgo, and gnetophytes, characterized by their naked seeds not enclosed in an ovary.