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A.

The inverse demand for organic dog food is given by P₁ = 28 - 2Q₁, and the inverse demand for conventional dog food is given by P₂ = 14 - Q₂, where P is the price of dog food in USD/lb, and Q is the quantity of dog food in thousand pounds. The cost of producing dog food is C(Q) = 2Q. The profit-maximizing quantity of organic dog food is equal to (1000s):

Group of answer choices

A. 2

B. 8

C. 6.5

D. 6

B.

The inverse demand for organic dog food is given by P₁ = 28 - 2Q₁, and the inverse demand for conventional dog food is given by P₂ = 14 - Q₂, where P is the price of dog food in USD/lb, and Q is the quantity of dog food in thousand pounds. The cost of producing dog food is C(Q) = 2Q. The profit-maximizing price of organic dog food is equal to:

Group of answer choices

A. 10

B. 15

C. 8

D.6

C.

The inverse demand for organic dog food is given by P₁ = 28 - 2Q₁, and the inverse demand for conventional dog food is given by P₂ = 14 - Q₂, where P is the price of dog food in USD/lb, and Q is the quantity of dog food in thousand pounds. The cost of producing dog food is C(Q) = 2Q. The profit-maximizing level of profits of organic dog food is equal to:

Group of answer choices

A. 60.5

B. 84.5

C. 56

D. 38

D.

The inverse demand for organic dog food is given by P₁ = 28 - 2Q₁, and the inverse demand for conventional dog food is given by P₂ = 14 - Q₂, where P is the price of dog food in USD/lb, and Q is the quantity of dog food in thousand pounds. The cost of producing dog food is C(Q) = 2Q. The profit-maximizing quantity of conventional dog food is equal to (1000s):

Group of answer choices

A. 5

B. 3

C. 6

D. 2

E.

The inverse demand for organic dog food is given by P₁ = 28 - 2Q₁, and the inverse demand for conventional dog food is given by P₂ = 14 - Q₂, where P is the price of dog food in USD/lb, and Q is the quantity of dog food in thousand pounds. The cost of producing dog food is C(Q) = 2Q. The profit-maximizing price of conventional dog food is equal to:

Group of answer choices

A. 2

B. 7

C. 8

D. 9

F.

The inverse demand for organic dog food is given by P₁ = 28 - 2Q₁, and the inverse demand for conventional dog food is given by P₂ = 14 - Q₂, where P is the price of dog food in USD/lb, and Q is the quantity of dog food in thousand pounds. The cost of producing dog food is C(Q) = 2Q. The profit-maximizing profit level of conventional dog food is equal to:

Group of answer choices

A. 14

B. 32

C.25

D.36