A Clothing Store and a Jeweler Are Located Side by Side

question 12

Multiple Choice

A clothing store and a jeweler are located side by side in a shopping mall.If the clothing store spends C dollars on advertising and the jeweler spends J dollars on advertising, then the profits of the clothing store will be (18+ J) C - C² and the profits of the jeweler will be (36 + C) J - 2J ².The clothing store gets to choose its amount of advertising first, knowing that the jeweler will find out how much the clothing store advertised before deciding how much to spend.The amount spent by the clothing store will be

• A)54.
• B)9.
• C)36.
• D)18.
• E)27.

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Definitions:

Minimum-Wage Laws

Minimum-wage laws set the lowest hourly wage that employers can legally pay their workers, aiming to protect employees from unduly low pay.

Highly-Educated Workers

Individuals in the workforce who have attained a high level of education, typically denoted by college degrees or other advanced certifications.

Low-Skilled Workers

Workers with minimal training or qualifications who typically perform simple tasks and earn lower wages.

Minimum Wage

The lowest legal wage that can be paid to most workers.