4. Boxowitz, Inc., a computer firm, markets two kinds of calculators that compete with one another....
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4. Boxowitz, Inc., a computer firm, markets two kinds of calculators that compete with one another. Their demand functions are expressed by the following relationships: 9₁ = 64 - 4p1 - 2p2 and ter 92 = 56 - 2p₁ - 4P2. where p₁ and p2 are the prices of the calculators, in multiples of $10 (this information can be skipped, it is needed only to the answer), and q1 and q2 are the quantities of the calculators demanded, in hundreds of units. What prices p₁ and p2 should be charged for each product in order to maximize total revenue? What is the maximum total revenue? YA 4. Boxowitz, Inc., a computer firm, markets two kinds of calculators that compete with one another. Their demand functions are expressed by the following relationships: 9₁ = 64 - 4p1 - 2p2 and ter 92 = 56 - 2p₁ - 4P2. where p₁ and p2 are the prices of the calculators, in multiples of $10 (this information can be skipped, it is needed only to the answer), and q1 and q2 are the quantities of the calculators demanded, in hundreds of units. What prices p₁ and p2 should be charged for each product in order to maximize total revenue? What is the maximum total revenue? YA
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Related Book For
Operations management processes and supply chain
ISBN: 978-0136065760
9th edition
Authors: Lee J Krajewski, Larry P Ritzman, Manoj K Malhotra
Posted Date:
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