A Monopoly Has Two Production Plants with Cost Functions C₁

question 85

Multiple Choice

A monopoly has two production plants with cost functions C₁ = 50 + 0.1Q₁² and C₂ = 30 + 0.05Q₂².The demand it faces is Q = 500 − 10P.What is the profit-maximizing price?

• A) $12.5 per unit
• B) $6.25 per unit
• C) $31.25 per unit
• D) $18.75 per unit

Recognize the impact of role ambiguity and its consequences on group members and overall group function.

Identify the importance of both task and relationship roles in maintaining group cohesion and achieving objectives.

Analyze the influence of social norms on individual behavior and group conformity.

Demonstrate knowledge of social psychological theories relating to group behavior and individual roles within groups.

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Definitions:

Determined

Showing a firm decisiveness and purposefulness in achieving a specific goal.

Instinctive

Behavior or actions that are innate and driven by natural tendencies or genetic programming, rather than learned experience.

Homeostasis

Homeostasis is the self-regulating process by which biological systems maintain stability and equilibrium while adjusting to conditions that are optimal for survival.

Biogenesis

The scientific principle that living organisms only come from other living organisms through reproduction, contradicting the idea of spontaneous generation.