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13 Nov 2019
A manufacturer produces two products. The joint cost function is
C = 11q1 + 10q2 + q1q2
and the demand functions are
q1 = 70 â 2p1 q2 = 40 â p2.
Find the selling prices that maximize profit.
p1 =
p2 =
What are the corresponding quantities?
q1 =
q2 =
A manufacturer produces two products. The joint cost function is
C = 11q1 + 10q2 + q1q2
and the demand functions are
q1 = 70 â 2p1 q2 = 40 â p2.
Find the selling prices that maximize profit.
| p1 = | |
| p2 = |
What are the corresponding quantities?
| q1 = | |
| q2 = |
Hubert KochLv2
9 May 2019
