Suppose that one factory inputs its goods from two different plants, A and B, with different costs, 3 and 8 each respective. And suppose the price function in the market is decided as p(x, y) = 100 - x - y where x and y are the demand functions and 0 < x, y. Then as y= the factory can attains the maximum profit,

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
icon
Related questions
Question

Please make sure the answer is easy to read

Suppose that one factory inputs its goods from two different plants, A and B, with different costs, 3 and 8
each respective. And suppose the price function in the market is decided as p(x, y) = 100 - x -
y where
x and y are the demand functions and 0 < x, y. Then as
x =
y =
the factory can attains the maximum profit,
Transcribed Image Text:Suppose that one factory inputs its goods from two different plants, A and B, with different costs, 3 and 8 each respective. And suppose the price function in the market is decided as p(x, y) = 100 - x - y where x and y are the demand functions and 0 < x, y. Then as x = y = the factory can attains the maximum profit,
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Recommended textbooks for you
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781319050740
Author:
Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:
W. H. Freeman
Precalculus
Precalculus
Calculus
ISBN:
9780135189405
Author:
Michael Sullivan
Publisher:
PEARSON
Calculus: Early Transcendental Functions
Calculus: Early Transcendental Functions
Calculus
ISBN:
9781337552516
Author:
Ron Larson, Bruce H. Edwards
Publisher:
Cengage Learning