A company manufactures two products. If it charges aprice pi for product i, it can sell qi units of product i, whereq1 60 3p1 p2 and q2 80 2p2 p1. It costs $25to produce a unit of product 1 and $72 to produce a unit ofproduct 2. How many units of each product should beproduced to maximize profits?
A company manufactures two products. If it charges aprice pi for product i, it can sell qi units of product i, whereq1 60 3p1 p2 and q2 80 2p2 p1. It costs $25to produce a unit of product 1 and $72 to produce a unit ofproduct 2. How many units of each product should beproduced to maximize profits?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A company manufactures two products. If it charges a
price pi for product i, it can sell qi units of product i, where
q1 60 3p1
price pi for product i, it can sell qi units of product i, where
q1 60 3p1
p2 and q2 80 2p2
p1. It costs $25
to produce a unit of product 1 and $72 to produce a unit of
product 2. How many units of each product should be
produced to maximize profits?
to produce a unit of product 1 and $72 to produce a unit of
product 2. How many units of each product should be
produced to maximize profits?
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