Question: Please help solve this problem A pharmaceutical corporation has two locations that produce the same over-the-counter medicine. If x1 and x2 are the numbers of

Please help solve this problem

Please help solve this problem A pharmaceutical corporation has two locations that

A pharmaceutical corporation has two locations that produce the same over-the-counter medicine. If x1 and x2 are the numbers of units produced at location 1 and location 2, respectively, then the total revenue for the product is given by R = 900X1 + 900x2 - 3x12 - 6X1X2 - 3x22. When X1 = 6 and X2 = 12, find the following. (a) the marginal revenue for location 1, OR/2x1 (b) the marginal revenue for location 2, OR/2x2

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!