refer to the following:
A firm produces two products (X and Y) that are substitutes in production; both products are produced on an assembly line that operates only 18 hours per day. The firm faces the following demand and "production" functions:

-What are the profit-maximizing prices for the two products?
A) $100 for X, $25 for Y
B) $160 for X, $50 for Y
C) $172 for X, $65 for Y
D) $200 for X, $500 for Y
E) none of the above.

Question

refer to the following:
A firm produces two products (X and Y) that are substitutes in production; both products are produced on an assembly line that operates only 18 hours per day. The firm faces the following demand and "production" functions:
 
-What are the profit-maximizing prices for the two products?
A) $100 for X, $25 for Y 
B) $160 for X, $50 for Y 
C) $172 for X, $65 for Y 
D) $200 for X, $500 for Y 
E) none of the above.

Quizplus · Accepted Answer

The Answer of refer to the following:
A firm produces two products (X and Y) that are substitutes in production; both products are produced on an assembly line that operates only 18 hours per day. The firm faces the following demand and "production" functions:
 
-What are the profit-maximizing prices for the two products?
A) $100 for X, $25 for Y 
B) $160 for X, $50 for Y 
C) $172 for X, $65 for Y 
D) $200 for X, $500 for Y 
E) none of the above.

Refer to the Following