Multiple Choice
A firm sells two goods X and Y) that are related in consumption.The estimated demand and cost conditions are:
What are the profit-maximizing prices for the two goods?
A)
= $25.60,
= $20.50
B)
= $30,
= $35
C)
= $50,
= $45
D)
= $11.20,
= $42.70
Correct Answer:
Verified
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