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A monopolist sells two competitive products, A and B, for which the demand functions are QA = 1-2PA +4PB and QB = 11 +2PA - 6PB If the constant average cost of producing a unit of A is 4 and a unit of B is 1, find the maximum profit and the corresponding selling prices of A and B. when PA and PB = Maximum profit, max (Round answers to two decimal places if applicable)

A monopolist sells two competitive products, A and B, for which the demand functions are QA = 1-2PA +4PB and QB = 11 +2PA - 6PB If the constant average cost of producing a unit of A is 4 and a unit of B is 1, find the maximum profit and the corresponding selling prices of A and B. when PA and PB = Maximum profit, max (Round answers to two decimal places if applicable)

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A monopolist sells two competitive products, A and B, for which the demand functions are QA = 1-2PA +4PB and QB = 11+2PA - 6PB If the constant average cost of producing a unit of A is 4 and a unit of B is 1, find the maximum profit and the corresponding selling prices of A and B. when PA and PB = Maximum profit, max (Round answers to two decimal places if applicable) =
Transcribed Image Text:A monopolist sells two competitive products, A and B, for which the demand functions are QA = 1-2PA +4PB and QB = 11+2PA - 6PB If the constant average cost of producing a unit of A is 4 and a unit of B is 1, find the maximum profit and the corresponding selling prices of A and B. when PA and PB = Maximum profit, max (Round answers to two decimal places if applicable) =
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