Type A: p = 330+ 4x – 12y Type B: q = 250 – 5x + 2y Cost Function: C(x, y) = 40x + 80y+ 1500 where p pesos is the price of Type A, and q pesos is the price of Type B, x is the weekly demand for Type A, and y is the weekly demand for Type B. Find R,(10, 5) and P,(10, 5) and interpret these values.
Type A: p = 330+ 4x – 12y Type B: q = 250 – 5x + 2y Cost Function: C(x, y) = 40x + 80y+ 1500 where p pesos is the price of Type A, and q pesos is the price of Type B, x is the weekly demand for Type A, and y is the weekly demand for Type B. Find R,(10, 5) and P,(10, 5) and interpret these values.
Chapter11: Profit Maximization
Section: Chapter Questions
Problem 11.9P
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Transcribed Image Text:A store sells two types of computer sleeves, A and B.
The weekly demand and cost functions are
Type A: p = 330+4x – 12y
Type B: q = 250 – 5x + 2y
Cost Function: C(x, y) = 40x + 80y + 1500
where p pesos is the price of Type A, and q pesos is the price of Type B,
x is the weekly demand for Type A, and y is the weekly demand for Type B.
Find R,(10, 5) and P,(10, 5) and interpret these values.
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