Mathematics, 06.04.2021 03:40, justabeachbum

The quantity of a product demanded by consumers is a function of its price. The quantity of one product demanded may also depend on the price of other products. For example, if the only chocolate shop in town (a monopoly) sells milk and dark chocolates, the price it sets for each affects the demand of the other. The quantities demanded,Â q1â€‹Â andÂ q2â€‹, of two products depend on their prices, p1 and p2, as follows: q1â€‹=150âˆ’2p1â€‹âˆ’p2
q2â€‹=200âˆ’p1â€‹âˆ’3p2â€‹.â€‹

If one manufacturer sells both products, how should the prices be set to generate the maximum possible revenue? What is that maximum possible revenue?

Answers: 3

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 13:30, tiniecisneros28

There are 20 children in the cast of a class play and 8 of the children are boys of the boys 4 have a speaking part in the play and of the girls 8 do not have a speaking part in the play if a child from the cast of the place chosen at random what is the probability that the child has a speaking part

Answers: 1

continue

Mathematics, 21.06.2019 18:00, keltaylor

Calculate the density of benzene if 300ml of it weighs 263g. a. 0.88 g/ml b. 1.14 g/ml c. 78,900 g/ml d. 37 g/ml

Answers: 2

continue

Mathematics, 21.06.2019 22:30, sanociahnoel

Ibeg you to me 20. a reaction produces 4.93 l of oxygen, but was supposed to produce 1 mol of oxygen. what is the percent yield?

Answers: 3

continue

Mathematics, 21.06.2019 23:00, Kira4585

Divide. –4.2 ÷ 6 = a –0.7 b 0.7 c –7 d 7 me