Mathematics, 03.12.2020 15:00, kalbaugh
(2) Consider a rectangle in the two dimensional ry-plane with corners at (0,0). (a,0), (0.b),
and (a, b). Suppose (a, b) lies on the graph of the equation y = 30 - .
(a) Find a and b such that the area of the rectangle is maximized.
(b) What economic interpretations can be given to your answer iſ the equation y
30 - represents a demnd function where y is the price corresponding to the
demand for good X?
12001
Answers: 1
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(2) Consider a rectangle in the two dimensional ry-plane with corners at (0,0). (a,0), (0.b),
and (...
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