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Exercise 5 (1.5 points) A company produces x units of commodity A and y units of commodity B. All the units can be sold
Posted: Wed Jul 06, 2022 11:45 am
by answerhappygod
- Exercise 5 1 5 Points A Company Produces X Units Of Commodity A And Y Units Of Commodity B All The Units Can Be Sold 1 (13.61 KiB) Viewed 16 times
Exercise 5 (1.5 points) A
company produces x units of commodity A and y units of commodity B. All the units can be sold for p = 20 - 5x dollars per unit of A and q = 4 - 2y dollars per unit of B. The cost (in dollars) of producing these units is given by the joint-cost function C(x,y) = 2xy +4. What should x and y be to maximize profit?