Refer to the following:
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 levels of output for the two goods?
A) = 20, = 10
B) = 41, = 24
C) = 56, = 24
D) = 51, = 74
E) none of the above
Correct Answer:
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