(a) To calculate: The maximum profit that can be made considering that the prices are kept fixed if the two products are manufactured in quantities q 1 and q 2 and sold at prices of p 1 and p 2 . The net cost of the production can be given by C = 2 q 1 2 + 2 q 2 2 + 10 .

Question

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Answer 1

Question

Chapter 8.5, Problem 31P

To determine

(a)

To calculate:

The maximum profit that can be made considering that the prices are kept fixed if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

To determine

(b)

To calculate:

Rate of change of the maximum profit as p1 increases if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

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Answer 2

Question

Chapter 8.5, Problem 31P

To determine

(a)

To calculate:

The maximum profit that can be made considering that the prices are kept fixed if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

To determine

(b)

To calculate:

Rate of change of the maximum profit as p1 increases if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

Expert Solution & Answer

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Answer 3

Question

Chapter 8.5, Problem 31P

To determine

(a)

To calculate:

The maximum profit that can be made considering that the prices are kept fixed if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

To determine

(b)

To calculate:

Rate of change of the maximum profit as p1 increases if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

Expert Solution & Answer

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Answer 4

Question

Chapter 8.5, Problem 31P

To determine

(a)

To calculate:

The maximum profit that can be made considering that the prices are kept fixed if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

To determine

(b)

To calculate:

Rate of change of the maximum profit as p1 increases if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

Expert Solution & Answer

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Answer 5

Chapter 8.5, Problem 31P

To determine

(a)

To calculate:

The maximum profit that can be made considering that the prices are kept fixed if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

To determine

(b)

To calculate:

Rate of change of the maximum profit as p1 increases if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

Answer 6

Chapter 8.5, Problem 31P

To determine

(a)

To calculate:

The maximum profit that can be made considering that the prices are kept fixed if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

Answer 7

Chapter 8.5, Problem 31P

To determine

(a)

To calculate:

The maximum profit that can be made considering that the prices are kept fixed if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

Answer 8

To determine

(b)

To calculate:

Rate of change of the maximum profit as p1 increases if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

Answer 9

To determine

(b)

To calculate:

Rate of change of the maximum profit as p1 increases if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

Answer 10

Expert Solution & Answer

Answer 11

Expert Solution & Answer

Answer 12

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Answer 13

Ch. 8.1 - Prob. 1P Ch. 8.1 - Prob. 2P Ch. 8.1 - Prob. 3P Ch. 8.1 - Prob. 4P Ch. 8.1 - Prob. 5P Ch. 8.1 - Prob. 6P Ch. 8.1 - Prob. 7P Ch. 8.1 - Prob. 8P Ch. 8.1 - Prob. 9P Ch. 8.1 - Prob. 10P

(a) To calculate: The maximum profit that can be made considering that the prices are kept fixed if the two products are manufactured in quantities q 1 and q 2 and sold at prices of p 1 and p 2 . The net cost of the production can be given by C = 2 q 1 2 + 2 q 2 2 + 10 .

Solution Summary: The author calculates the maximum profit that can be made considering that the prices are kept fixed if the two products are manufactured in quantities.

Videos

(a)

To calculate:

The maximum profit that can be made considering that the prices are kept fixed if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

(b)

To calculate:

Rate of change of the maximum profit as p1 increases if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

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Chapter 8 Solutions

(a) To calculate: The maximum profit that can be made considering that the prices are kept fixed if the two products are manufactured in quantities q 1 and q 2 and sold at prices of p 1 and p 2 . The net cost of the production can be given by C = 2 q 1 2 + 2 q 2 2 + 10 .

Solution Summary: The author calculates the maximum profit that can be made considering that the prices are kept fixed if the two products are manufactured in quantities.

Videos

(a) To calculate: The maximum profit that can be made considering that the prices are kept fixed if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

(b) To calculate: Rate of change of the maximum profit as p1 increases if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

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Chapter 8 Solutions

(a)

To calculate:

The maximum profit that can be made considering that the prices are kept fixed if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.

(b)

To calculate:

Rate of change of the maximum profit as p1 increases if the two products are manufactured in quantities q1 and q2 and sold at prices of p1 and p2. The net cost of the production can be given by C=2q12+2q22+10.