A manufacturer with exclusive rights to a sophisticated new industrial machine is planning to sell a limited
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A manufacturer with exclusive rights to a sophisticated new industrial machine is planning to sell a limited number of the machines to both foreign and domestic firms. The price the manufacturer can expect to receive for the machines will depend on the number of machines made available. It is estimated that if the manufacturer supplies x machines to the domestic market and y machines to the foreign market, the machines will sell for
thousand dollars apiece domestically and
thousand dollars apiece abroad. Express the revenue R as a function of x and y.
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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