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A company produces two goods in quantities x and y, which it sells for the unit-prices $8 and $18 respectively. The company's total cost of producing these quantities is C(x, y) = (3/2)x² - 3xy + (5/2)y². Calculate the profit-maximizing level of y. (Write your answer as just a number with two decimals, such as 3.20, -7.54, or 0.32)

A company produces two goods in quantities x and y, which it sells for the unit-prices $8 and $18 respectively. The company's total cost of producing these quantities is C(x, y) = (3/2)x² - 3xy + (5/2)y². Calculate the profit-maximizing level of y. (Write your answer as just a number with two decimals, such as 3.20, -7.54, or 0.32)

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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ed of A company produces two goods in quantities x and y, which it sells for the unit-prices $8 and $18 respectively. The company's total cost of producing these quantities is C(x, y) = (3/2)x² - 3xy + (5/2)y². Calculate the profit-maximizing level of y. (Write your answer as just a number with two decimals, such as 3.20, -7.54, or 0.32) Answer: X
Transcribed Image Text:ed of A company produces two goods in quantities x and y, which it sells for the unit-prices $8 and $18 respectively. The company's total cost of producing these quantities is C(x, y) = (3/2)x² - 3xy + (5/2)y². Calculate the profit-maximizing level of y. (Write your answer as just a number with two decimals, such as 3.20, -7.54, or 0.32) Answer: X
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