A cheese producer sells a cheddar into two segments. The linear price-demand function for each segment...
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A cheese producer sells a cheddar into two segments. The linear price-demand function for each segment is defined by A1= 1,072, B1= 10 and A2= 783, B2= 6. From a production quantity of 750 Kg the manufacturer decides to allocate 550 to segment 1 and 200 to segment 2. Determine the market price for each segment. Then, what is the total revenue (both segments)? A cheese producer sells a cheddar into two segments. The linear price-demand function for each segment is defined by A1= 1,072, B1= 10 and A2= 783, B2= 6. From a production quantity of 750 Kg the manufacturer decides to allocate 550 to segment 1 and 200 to segment 2. Determine the market price for each segment. Then, what is the total revenue (both segments)?
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Step 11 As we know the linear Demand curve formula is H... View the full answer
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