Hariri Shuttles (HS) makes two types of shuttles (for looms), type A and type B. The demand for equations for HS shuttles are 100 - 3PA +2Pв and ¶B = 120+ PA-1.5PB 9A where PÅ and pÅ are the prices set by HS for type A and type B shuttles, respectively, and 9A and q are the corresponding weekly demands for these goods. HS's weekly production cost is c = 30A + 40qB + 1000. (a) The prices that HS should set to maximize their weekly profit are p [Select] [Select] and PB = (b) The corresponding weekly demands are q [Select] (c) HS' maximum weekly profit is * = = [Select] [Select] = and 93

Hariri Shuttles (HS) makes two types of shuttles (for looms), type A and type B. The demand for equations for HS shuttles are 100 - 3PA +2Pв and ¶B = 120+ PA-1.5PB 9A where PÅ and pÅ are the prices set by HS for type A and type B shuttles, respectively, and 9A and q are the corresponding weekly demands for these goods. HS's weekly production cost is c = 30A + 40qB + 1000. (a) The prices that HS should set to maximize their weekly profit are p [Select] [Select] and PB = (b) The corresponding weekly demands are q [Select] (c) HS' maximum weekly profit is * = = [Select] [Select] = and 93

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Hariri Shuttles (HS) makes two types of shuttles (for looms), type A and type B. The demand
for equations for HS shuttles are
9A
[Select]
=
¶B
where PÅ and pÅ are the prices set by HS for type A and type B shuttles, respectively, and
9₁ and q are the corresponding weekly demands for these goods.
HS's weekly production cost is c = 30qA+40qB + 1000.
(a) The prices that HS should set to maximize their weekly profit are p
[Select]
[Select]
and PB
=
100 - 3PA +2PB
and
120+ PA 1.5PB
(b) The corresponding weekly demands are
(c) HS' maximum weekly profit is *
=
=
[Select]
[Select]
=
and B
=

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