Suppose that Carl and Simon sign a marketing agreement. They decide to determine their total output jointly
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Suppose that Carl and Simon sign a marketing agreement. They decide to determine their total output jointly and to each produce the same number of pumpkins. To maximize their joint profits, how many pumpkins should they produce in toto ___________? How much does each one of them produce __________? How much profit does each one of them make _____________________?
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