6. The total cost incurred by a company that produce three kinds of goods is reflected by the equation: TC = 0.50x: +Xb- +0.75xc² + 2XaXb+ 3xbXc + XaXc + 9,187.50. While the demand function for each item is Pa=352-4Xa, Pb-560-5Xb, and Pa=355-3Xc. If the company want maximum profit. Calculate: •Total production ofeach item • Selling price per unit of each item • The amount of the maximum profit

6. The total cost incurred by a company that produce three kinds of goods is reflected by the equation: TC = 0.50x: +Xb- +0.75xc² + 2XaXb+ 3xbXc + XaXc + 9,187.50. While the demand function for each item is Pa=352-4Xa, Pb-560-5Xb, and Pa=355-3Xc. If the company want maximum profit. Calculate: •Total production ofeach item • Selling price per unit of each item • The amount of the maximum profit

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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