You Are the Manager of a Firm That Produces Output

question 19

Multiple Choice

You are the manager of a firm that produces output in two plants.The demand for your firm's product is P = 20 − Q,where Q = Q₁ + Q₂.The marginal costs associated with producing in the two plants are MC₁ = 2 and MC₂ = 2Q₂.How much output should be produced in plant 1 in order to maximize profits?

• A) 1
• B) 4
• C) 8
• D) 11

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Definitions:

Cognitive Sex Difference

Variability between males and females in aspects of cognitive functioning, such as spatial reasoning or verbal abilities.

Spatial Behavior

The way an organism interacts with its environment, particularly in terms of movement and the use of space.

Verbal Fluency

A cognitive function that facilitates the ability to rapidly retrieve and produce words within specific parameters or categories.

Emotion Recognition

The ability to identify and understand the emotions of others, typically through facial expressions, body language, and vocal tones.