Mathematics, 28.01.2020 13:34 kam71
Acompany operates two plants which manufacture the same item and whose total cost functions are
c_1 = 6.5 + 0.04q1^2 and c_2 = 5.2 + 0.05q2^2,
where q_1 and q_2 are the quantities produced by each plant. the total quantity demanded, q = q1 + q2 , is related to the price, p , by
p = 40 - 0.05q.
how much should each plant produce in order to maximize the company's profit?
q1=?
q2=?
Answers: 1
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Acompany operates two plants which manufacture the same item and whose total cost functions are
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