You Are the Manager of a Firm That Produces Output

question 131

Multiple Choice

You are the manager of a firm that produces output in two plants.The demand for your firm's product is P = 78 − 15Q,where Q = Q₁ + Q₂.The marginal costs associated with producing in the two plants are MC₁ = 3Q₁ and MC₂ = 2Q₂.What price should be charged in order to maximize revenues?

• A) $39
• B) $47
• C) $52
• D) $56

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Definitions:

Elongation

The phase in DNA replication and transcription, or in protein synthesis, where the DNA, RNA, or polypeptide chain is lengthened.

Cell Division

The process by which a parent cell divides into two or more daughter cells, essential for growth, reproduction, and repair in living organisms.

Apical Meristem

A growth region in plants located at the tips of roots and shoots, where cells rapidly divide to enable growth.

Root Cap

A protective tissue at the tip of a plant root that helps the root penetrate the soil.