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a) What is the total profit generated from the two products, as a function of the two decision variables p1 and p2? b) When does the profit function reach its optimal value? c) The production capacity of PSMC semiconductors is constrained by 2v1 + v2 ≤ μ. What is the range of μ that makes the solution point not on the constraint boundary?

a) What is the total profit generated from the two products, as a function of the two decision variables p1 and p2? b) When does the profit function reach its optimal value? c) The production capacity of PSMC semiconductors is constrained by 2v1 + v2 ≤ μ. What is the range of μ that makes the solution point not on the constraint boundary?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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PSMC produces two types of GPU. One is gaming GPU (Type 1) and the other is pro GPU (Type 2). Their market data are listed below.

a) What is the total profit generated from the two products, as a function of the two decision variables p1 and p2?

b) When does the profit function reach its optimal value?

c) The production capacity of PSMC semiconductors is constrained by

2v1 + v2 ≤ μ.

What is the range of μ that makes the solution point not on the constraint boundary?

*please answer a-c and either type or neatly write your work, steps, and answers* No EXCEL thank you  

Table 2: GPU Production Data Type volume/price relationship fixed cost(c;) unit variable cost(c,) v1 = 4, 000 – 4p1 v2 = 1, 500 – p2 1 400,000 400 250,000 500
Transcribed Image Text:Table 2: GPU Production Data Type volume/price relationship fixed cost(c;) unit variable cost(c,) v1 = 4, 000 – 4p1 v2 = 1, 500 – p2 1 400,000 400 250,000 500
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