There Are Two Firms in the Blastopheme Industry

question 3

Multiple Choice

There are two firms in the blastopheme industry. The demand curve for blastophemes is given by p = 1,500 - 2q. Each firm has one manufacturing plant and each firm i has a cost function C(q_i) = q²_i, where q_i is the output of firm i. The two firms form a cartel and arrange to split total industry profits equally. Under this cartel arrangement, they will maximize joint profits if

• A) and only if each firm produces 150 units in its plant.
• B) they produce a total of 300 units, no matter which firm produces them.
• C) they produce a total of 250 units, no matter which firm produces them.
• D) and only if they each produce a total of 375 units.
• E) they shut down one of the two plants, having the other operate as a monopoly and splitting the profits.

Understand the functions and effects of different plant hormones.

Identify the main plant hormones involved in plant growth processes such as phototropism, seed dormancy, and fruit ripening.

Define and distinguish between the various types of tropisms and their causative factors.

Recognize the roles of specific plant hormones in stress responses like water stress.

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Definitions:

Visual Preference

The tendency to show more interest or attention towards certain visual stimuli over others.

Newborn Infants

Infants in the very first stages of life, typically defined as being between birth and one month old.

Complex Stimuli

Inputs or environmental factors that involve multiple, intricate elements, often requiring advanced cognitive processing to understand or respond to.

Norms

Shared guidelines or rules that dictate the behavior considered acceptable within a particular group or society.