A Firm Makes Two Products, Y and Z

question 55

Multiple Choice

A firm makes two products, Y and Z. Each unit of Y costs $10 and sells for $40. Each unit of Z costs $5 and sells for $25. If the firm's goal were to maximize profit, the appropriate objective function would be

• A) maximize $40Y = $25Z.
• B) maximize $40Y + $25Z.
• C) maximize $30Y + $20Z.
• D) maximize 0.25Y + 0.20Z.
• E) maximize $20Y + $50Z.

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Definitions:

Persuasive Communication

The art of influencing or convincing others to accept a particular point of view, action, or idea through reasoned argument and emotive appeal.

Hard Sell

Aggressive sales techniques that put pressure on the customer to make a purchase decision quickly.

Anticipate Objections

The practice of foreseeing and preparing for potential disagreements or questions in advance, particularly in sales or negotiation scenarios.

Emotional Appeals

Persuasive techniques that attempt to influence an audience by appealing to their emotions rather than logic or reason.