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the profit function for two goods is given by the equation 527 2 x2 3 y2 2 xy 20 x 22 y calculate x to maximize profit x calculate y to maximize profit y calculate maximum profit maximum pro 27715

the profit function for two goods is given by the equation 527 2 x2 3 y2 2 xy 20 x 22 y calculate x to maximize profit x calculate y to maximize profit y calculate maximum profit maximum pro 27715

2021年8月27日

3. Maximize the profit function P=x 2y subject to the following... | Filo

3. Maximize the profit function P=x 2y subject to the following... | Filo

已浏览 5675 次2023年3月20日

OPTIMIZING ECONOMIC FUNCTIONS6.22. Given the profit function T = 160x^3 2xy - 2y^2 120y 18 for a firm producing two goods x and y, (a) maximize profits, (b) test the second-order condition, and (c) evaluate the function at the critical values x and y.0)T = 160x^3 - 2y = 02x 4y 120 = 0When solved simultaneously, x = 20 and y = 20.b) Taking the second partials, Tx = 6, Tyy = -4, Txy = 2.With both second partials negative, and Txx * Tyy > (Txy)^2, the function is maximized at x = y = 20.c

OPTIMIZING ECONOMIC FUNCTIONS6.22. Given the profit function T = 160x^3 2xy - 2y^2 120y 18 for a firm producing two goods x and y, (a) maximize profits, (b) test the second-order condition, and (c) evaluate the function at the critical values x and y.0)T = 160x^3 - 2y = 02x 4y 120 = 0When solved simultaneously, x = 20 and y = 20.b) Taking the second partials, Tx = 6, Tyy = -4, Txy = 2.With both second partials negative, and Txx * Tyy > (Txy)^2, the function is maximized at x = y = 20.c

2022年2月10日

Find the price that will maximize profit for the demand and costfunctions, where p is the price, x is the number of units, and C isthe cost. Demand Function Cost Function p = 41 − 0.1 x C = 26x 400 per unit

Find the price that will maximize profit for the demand and costfunctions, where p is the price, x is the number of units, and C isthe cost. Demand Function Cost Function p = 41 − 0.1 x C = 26x 400 per unit

2022年4月1日

The profit function if cost and revenue functions to produce an... | Filo

The profit function if cost and revenue functions to produce an... | Filo

A rancher faces the profit function π=110 x-3 x^2-2 x y-2 y^2 140 y where x= sides of beef and y= hides. Since there are two sides of beef for every hide, it follows that output must be in the proportion (x)/(2)=y x=2 y At what level of output will the rancher maximize profits? Π =110 x-3 x^2-2 x y-2 y^2 140 y λ(x-2 y) =110-6 x-2 y λ=0 =-2 x-4 y 140-2 λ=0 =x-2 y=0 Solving simultaneously, x̅-20, y̅=10, x̅-30, and π-1800. | Numerade

A rancher faces the profit function π=110 x-3 x^2-2 x y-2 y^2 140 y where x= sides of beef and y= hides. Since there are two sides of beef for every hide, it follows that output must be in the proportion (x)/(2)=y x=2 y At what level of output will the rancher maximize profits? Π =110 x-3 x^2-2 x y-2 y^2 140 y λ(x-2 y) =110-6 x-2 y λ=0 =-2 x-4 y 140-2 λ=0 =x-2 y=0 Solving simultaneously, x̅-20, y̅=10, x̅-30, and π-1800. | Numerade

2023年7月18日

Profit Function | Formula & Example

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已浏览 33.2万次2015年4月28日

Maximum profit: An automobile manufacturer can produce up to 300 cars per day. The profit made from the sale of these vehicles can be modeled by the function P(x)=-10 x^2 3500 x-66,000, where P(x) is the profit in dollars and x is the number of automobiles made and sold. Based on this model: a. Find the y-intercept and explain what it means in this context. b. Find the x-intercepts and explain what they mean in this context. c. How many cars should be made and sold to maximize profit? d. What is

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