Final answer:
The correct logical representation of the statement 'Not either Ferrari or Maserati makes economy cars' is Option 2 (¬F and ¬M), as it explicitly states that both Ferrari and Maserati do not make economy cars, which aligns with the given statement.
Step-by-step explanation:
The question involves logic and interpretation of a statement regarding economy cars made by Ferrari and Maserati. Based on the statement 'Not either Ferrari or Maserati makes economy cars', we can deduce the correct logical representation. Option 1 (¬(F or M)) implies not (Ferrari or Maserati), which suggests that both do not make economy cars, this seems correct but let's compare it to Option 2 which is (¬F and ¬M). Option 2 states explicitly that both Ferrari and Maserati, individually, do not make economy cars - this is the most accurate representation of the given statement.
Option 3 (¬F or ¬M) says that either Ferrari does not make economy cars or Maserati does not, but it does not preclude the possibility that one of them might, which is contradictory to the given statement. Finally, Option 4 (F and M) would imply that both Ferrari and Maserati make economy cars, which is the opposite of the given information. Thus, the correct logical representation of the statement is Option 2 (¬F and ¬M).