A) a candy company produces 2 varieties of candy, A and B, for which the constant average

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A) a candy company produces 2 varieties of candy, A and B, for which the constant average costs of production are 60 and 70 (cents per lb), respectively. The demand functions for A and B are given by:

qA=5(pB-pA) and qB=500+5(pA-2pB)

find the selling prices pA and pB that maximize the company's profit

B) repeat A if the constant costs of production of A and B are a and b (cents per lb), respectively

Related Book For answer-question

Introduction to Management Science

ISBN: 978-0132751919

11th Edition

Authors: Bernard W. Taylor

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Posted Date: Jan 16, 2021 02:34 AM

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A) a candy company produces 2 varieties of candy, A and B, for which the constant average

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Introduction to Management Science

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