A firm sells two goods X and Y) that are related in consumption.The estimated inverse demand and cost functions are:
What are the profit-maximizing prices for the two goods?
A)
= $40,
= $32.50
B)
= $53.50,
= $61
C)
= $80,
= $55
D)
= $112.50,
= $87.75
E) none of the above
Correct Answer:
Verified
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