A small Ghanaian company with big ideas manufacture two types of 'fufu' pounding machines - A and B. If DA and D₁=456-30
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A small Ghanaian company with big ideas manufacture two types of 'fufu' pounding machines - A and B. If DA and D₁=456-30
A small Ghanaian company with big ideas manufacture two types of 'fufu' pounding machines - A and B. If DA and D₁=456-30P₁ +54 PB DB=666+100p₁+40P, D₁ are the respective demand for the two machines then PA and PB are the prices of the two machines in Ghana cedis. where It costs the company GHC12 to produce a type A machine and GHC15 to produce type B. a. At what price should the company sell the machines to maximize profit? (14 Marks) b. What is the maximum profit? (4 Marks)
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