A firm, selling two goods, X and Y, has a revenue function TR = 3x+2y-x-y+xy. What...
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A firm, selling two goods, X and Y, has a revenue function TR = 3x+2y-x²-y²+xy. What is the optimal level of y that maximizes total revenue? Round your answer to 2 decimal places. A firm, selling two goods, X and Y, has a revenue function TR = 3x+2y-x²-y²+xy. What is the optimal level of y that maximizes total revenue? Round your answer to 2 decimal places.
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To find the optimal level of y that maximizes total revenue we can take the derivat... View the full answer
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
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