b) Ahmad Co. produces two goods I and II, in amounts of q, and q2, and these are sold at pricespiand p2 per unit, respectively. The demands for the two goods are given byp =17- (39 +2q ), p_ =14– _(4q +5q )+5q ?2214And the total costs to produce q1 and q2 of the two goods areC=8+qı +q2.i. Find the production levels that would maximize total profitsThe corresponding prices of the two goodsThe maximum profit.ii.iii.

Answered: Image /qna-images/answer/0d9cd56d-1ce3-4514-aea2-1ad0a1acc195.jpg

Answered: b) Ahmad Co. produces two goods I and…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Suppose that for a company manufacturing calculators, the cost, revenue, and profit equations are given by x² 20' C = 90,000+ 40x, R=200x - where the production output in 1 week is x calculators. If production is increasing at a rate of 400 calculators per week when production output is 6,000 calculators. Find the rate of increase (decrease) in cost, revenue, and profit. A) Costs are increasing at the rate of $ (Simplify your answer.) B) Revenue is (Simplify your answer.) C) Profits are (Simplify your answer.) at the rate of $ P=R-C at the rate of $ per week at this production level. per week at this production level. per week at this production level.
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