Mathematics, 05.05.2021 06:20 QueenNerdy889
(3 marks)
A firm produces two goods in quantities x and y. Its cost function is C(x, y) = 10x +
xy + 10y and the prices Px and Py it can charge are, respectively, P = 50 - x + y and
Py = 50 - x + y. The firm is committed to delivering a total of 15 units. How much
should the firm produce of each good to maximize profits?
(10 marks)β
Answers: 1
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A firm produces two goods in quantities x and y. Its cost function is C(x, y) = 10x +
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