Suppose that one factory inputs its goods from two different plants, A and B, with different...

 

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Suppose that one factory inputs its goods from two different plants, A and B, with different costs, 5 and 8 each respective. And suppose the price function in the market is decided as p(x, y) = 100 - x - y where x and y are the demand functions and 0 < x, y 30. Then as x = y = the factory can attains the maximum profit, Submit Question Suppose that one factory inputs its goods from two different plants, A and B, with different costs, 5 and 8 each respective. And suppose the price function in the market is decided as p(x, y) = 100 - x - y where x and y are the demand functions and 0 < x, y 30. Then as x = y = the factory can attains the maximum profit, Submit Question

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To determine the maximum profit attained by the factory given that it inputs goods from two differen... View the full answer