A cloth manufacturer produces two types of cloth, A and B. His profit function is: Profit =
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Question:
A cloth manufacturer produces two types of cloth, A and B.
His profit function is: Profit = 128A -4A2 + 8AB +64B -28 – 8B2
What should be the level of output of A and B to maximize profit?
Related Book For
Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science
ISBN: 978-0324656633
5th edition
Authors: Cliff T. Ragsdale
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