Suppose That the Cost Function of the Honey Farm Is

question 13

Multiple Choice

suppose that the cost function of the honey farm is C_H(H, A) = H ²/100 - 1A and the cost function of the apple orchard is C_A(H, A) = A²/100, where H and A are the number of units of honey and apples produced respectively.The price of honey is $8 and the price of apples is $6 per unit.Let A₁ be the output of apples if the firms operate independently, and let A₂ be the output of apples if the firms are operated by a profit-maximizing single owner.

• A)A₁ = 175 and A₂ = 300.
• B)A₁ = 150 and A₂ = 300.
• C)A₁ = 300 and A₂ = 350.
• D)A₁ = A₂ = 300.
• E)A₁ = 400 and A₂ = 300.

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Injury

Physical harm or damage to someone's body caused by an accident or violence.

Lofstrand/Canadian

Refers to a specific type of crutches with forearm support, commonly used in Canada.

Forearm Crutch

A type of support device used to assist with walking, which is held and supported by the forearm.

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Assistive devices used to transfer weight from the legs to the upper body during walking, typically used when a person is unable to use their legs fully.