b) Ahmad Co. produces two goods I and II, in amounts of q, and q2, and these are sold at prices piand p2 per unit, respectively. The demands for the two goods are given by P =17- (39 +2q ), p =14– _(4q +5q ) 14 And the total costs to produce qı and q2 of the two goods are C=8+qı+q2. i. Find the production levels that would maximize total profits ii The corresponding prices of the two goods ii. The maximum profit.
b) Ahmad Co. produces two goods I and II, in amounts of q, and q2, and these are sold at prices piand p2 per unit, respectively. The demands for the two goods are given by P =17- (39 +2q ), p =14– _(4q +5q ) 14 And the total costs to produce qı and q2 of the two goods are C=8+qı+q2. i. Find the production levels that would maximize total profits ii The corresponding prices of the two goods ii. The maximum profit.
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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Question
![b) Ahmad Co. produces two goods I and II, in amounts of q, and q2, and these are sold at prices
piand p2 per unit, respectively. The demands for the two goods are given by
p =17- (39 +2q ), p_ =14– _(4q +5q )
+5q ?
2
2
14
And the total costs to produce q1 and q2 of the two goods are
C=8+qı +q2.
i. Find the production levels that would maximize total profits
The corresponding prices of the two goods
The maximum profit.
ii.
iii.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F168d7263-9467-4529-a973-4e06ca095c33%2F0d9cd56d-1ce3-4514-aea2-1ad0a1acc195%2Fjoomr8m_processed.png&w=3840&q=75)
Transcribed Image Text:b) Ahmad Co. produces two goods I and II, in amounts of q, and q2, and these are sold at prices
piand p2 per unit, respectively. The demands for the two goods are given by
p =17- (39 +2q ), p_ =14– _(4q +5q )
+5q ?
2
2
14
And the total costs to produce q1 and q2 of the two goods are
C=8+qı +q2.
i. Find the production levels that would maximize total profits
The corresponding prices of the two goods
The maximum profit.
ii.
iii.
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