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ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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
Transcribed Image Text:6. The total cost incurred by a company that
produce three kinds of goods is reflected by the equation:
TC = 0.50x:² +Xb² +0.75xc + 2XaXb+ 3xbXc + XaXc + 9,187.50.
While the demand function for each item is
Pa=352-4Xa, Pb=560-5Xb, and Pa=355-3Xc. If the company
want maximum profit. Calculate:
• Total production of each item
• Selling price per unit of each item
• The amount of the maximum profit
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