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Mathematics, 16.06.2021 09:40, jameslinimk
An enterprise exclusively produces two types of products. Know the demand function of the two products above, respectively
QP₁ = 280–0.4P + 0.2P; Q = 420 + 0.2P-04P and cost function combination
is C = Q₁² + Q₁Q₂ + Q₂² + 40Q₁ + 180Q2.
In which, P, Q i = 1,2 are the unit price and the i thứth product, respectively
a) Find the quantity of each product for the business to have maximum profit. Then, what is the selling price of the products?
b) Calculate the marginal cost for each optimal product found in a).
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Answers: 1
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An enterprise exclusively produces two types of products. Know the demand function of the two produc...
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