Suppose that one factory inputs its goods from two different plants, A and B, with different...

80.2K

Verified Solution

Question

Basic Math

Suppose that one factory inputs its goods from two differentplants, A and B, with different costs, 4 and 6 each respective. Andsuppose the price function in the market is decided as p(x,y)=100−x−y where x and y are the demand functions and 0≤x,y. Thenas

x=

y=

the factory can attains the maximum profit,

Answer & Explanation Solved by verified expert
3.8 Ratings (645 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students