A firm is selling two goods, A and B, with a total profit function: TP=-16 + 598.8A-

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A firm is selling two goods, A and B, with a total profit function: TP=-16 + 598.8A- 0.3A^2 + 498.5B - 0.2B^2 -0.2AB

Find the values of A and B that will maximise profit. Prove that profit is a maximum.

Related Book For answer-question

Elements Of Chemical Reaction Engineering

ISBN: 9780135486221

6th Edition

Authors: H. Fogler

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Posted Date: Mar 03, 2024 02:41 AM

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A firm is selling two goods, A and B, with a total profit function: TP=-16 + 598.8A-

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To find the values of A and B that will maximize profit we need to take the derivative of the total ... View the full answer

Elements Of Chemical Reaction Engineering

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