Mathematics, 30.05.2020 20:02 shifaxoxoxo
A firm produces two types of earphones per year: x thousand of type A and y thousand of type B. The cost function (in thousands of dollars) is given by
C(x, y)=110+80x+130y
If the selling price of type A is p and the selling price of type B is q, the price-demand equations are
p=120-3x+y
q=210+x-7y
Determine how many of each type of earphone should be produced per year to maximize profit? What should be the selling prices p and q? What is the maximum profit?
Answers: 1
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