You Are the Manager of a Firm That Produces Output

question 135

Multiple Choice

You are the manager of a firm that produces output in two plants.The demand for your firm's product is P = 120 − 6Q,where Q = Q₁ + Q₂.The marginal costs associated with producing in the two plants are MC₁ = 2Q₁ and MC₂ = 4Q₂.What price should be charged to maximize profits?

• A) 60
• B) 66
• C) 70
• D) 76

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Definitions:

Big Five

A personality model that outlines five broad dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Sociability

The ability or tendency to engage in social interactions or to enjoy being in social situations.

Goal Attainment Scaling

A method used in planning and evaluation that establishes a set of personal or organizational objectives and assesses their attainment within a predefined timeframe.

Worker

An individual engaged in a particular job or activity, especially for wages or salary.