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5- A firm aims to maximize profits when the profit function is P-80x-2x²-xy-3y²+100y and the maximum output capacity is x+y=12. What is the estimated effect on profits if the output capacity is expanded by one unit? a) 53 b) 24 c) 50 d) 35 e) 44 Leave blank 1374205

5- A firm aims to maximize profits when the profit function is P-80x-2x²-xy-3y²+100y and the maximum output capacity is x+y=12. What is the estimated effect on profits if the output capacity is expanded by one unit? a) 53 b) 24 c) 50 d) 35 e) 44 Leave blank 1374205

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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5- A firm aims to maximize profits when the profit function is P-80x-2x²-xy-3y²+100y and the maximum output capacity is x+y=12. What is the estimated effect on profits if the output capacity is expanded by one unit? a) 53 b) 24 c) 50 d) 35 e) 44 Leave blank 1374205
Transcribed Image Text:5- A firm aims to maximize profits when the profit function is P-80x-2x²-xy-3y²+100y and the maximum output capacity is x+y=12. What is the estimated effect on profits if the output capacity is expanded by one unit? a) 53 b) 24 c) 50 d) 35 e) 44 Leave blank 1374205
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