Two products are manufactured in quantities q 1 and q 2 and sold at prices of p 1 and p 2 , respectively The cost of producing them is given by C 2q 2 1 2q 2 2 10 (a) Find the maximum profit that can be made, assuming the prices are fixed (b) Find the rate of change of that maximum profit as p 1 in...

a The revenue R p 1 q 1 p 2 q 2 Profit P R C p 1 q 1 p 2 q 2 2q 2 1 2q 2 2 10 b The ra ...

Two products are manufactured in quantities q 1 and q 2 and sold at prices of p

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Two products are manufactured in quantities q₁ and q₂and sold at prices of p₁ and p₂, respectively. The cost of producing them is given by

C = 2q²₁ + 2q²₂ + 10.

(a) Find the maximum profit that can be made, assuming the prices are fixed.
(b) Find the rate of change of that maximum profit as p₁ increases.

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Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

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Question Posted: Apr 06, 2023 02:52 AM

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Two products are manufactured in quantities q 1 and q 2 and sold at prices of p

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Applied Calculus

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