company manufactures two products. If it charges price p; for product i, it can sell q; units of product i, where q1 = 80 - 2p1 + P2 and 92 = 100 - 3p2 + P1. It costs $8 it of product 1 and $15 to produce a unit of product 2. How many units of each product should the company produce to maximize its profit? If needed, round your answers to one decimal digit. Product 1 Product 2 roduction quantities O What prices should the company charge to maximize its profit? If needed, round your answers to the nearest cent. Product 1 Product 2 ices

company manufactures two products. If it charges price p; for product i, it can sell q; units of product i, where q1 = 80 - 2p1 + P2 and 92 = 100 - 3p2 + P1. It costs $8 it of product 1 and $15 to produce a unit of product 2. How many units of each product should the company produce to maximize its profit? If needed, round your answers to one decimal digit. Product 1 Product 2 roduction quantities O What prices should the company charge to maximize its profit? If needed, round your answers to the nearest cent. Product 1 Product 2 ices

Name: A company manufactures two products. If it charges price p; for produ
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Description: A company manufactures two products. If it charges price p; for product i, it can sell g; units of product i, where g1 = 80 - 2p1 + P2 and g2 = 100 - 3p2 + p1. It costs $8 to produce aunit of product 1 and $15 to produce a unit of product 2.a. How m

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

A company manufactures two products. If it charges price p; for product i, it can sell g; units of product i, where g1 = 80 - 2p1 + P2 and g2 = 100 - 3p2 + p1. It costs $8 to produce a
unit of product 1 and $15 to produce a unit of product 2.
a. How many units of each product should the company produce to maximize its profit? If needed, round your answers to one decimal digit.
Product 1
Product 2
Production quantities
b. What prices should the company charge to maximize its profit? If needed, round your answers to the nearest cent.
Product 1
Product 2
Prices
$

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