Question

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

Suppose that one factory inputs its goods from two different plants, A and B, with different costs, 4 and 6 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. Then as

x=

y=

the factory can attains the maximum profit,

Math   Calculus   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Suppose that one factory inputs its goods from two different plants, A and B, with different...
Suppose that one factory inputs its goods from two different plants, A and B, with different costs, 4 and 6 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. Then as x= y= the factory can attains the maximum profit,
Suppose a firm makes its product in one factory, but it sells it in three different...
Suppose a firm makes its product in one factory, but it sells it in three different and separate markets. In market A, the demand elasticity is -2.6. In market B, demand elasticity is -2.8, and in market C, demand elasticity is -4.2. In which market will a profit maximizing firm set the highest price? a. Market A b. Market B c. Market C
1.1. What is the profit-maximizing inputs if the profit function of a firm is the following:...
1.1. What is the profit-maximizing inputs if the profit function of a firm is the following: π(X, Y) = P ln[X + aY] – wX – wY where P - price of output f(X,Y) = ln[X + 0.5Y] - production function X - input 1, X>=0 Y - input 2, Y>=0 w - same price of input for inputs 1 and 2 a - parameter between 0 and 1 1.2. What is the profit-maximizing inputs if the profit function of...
Suppose that there are two goods, X and Y. The utility function is U = XY...
Suppose that there are two goods, X and Y. The utility function is U = XY + 2Y. The price of one unit of X is P, and the price of one unit of Y is £5. Income is £60. Derive the demand for X as a function of P.
Suppose there are two consumers, A and B, and two goods, X and Y. The consumers...
Suppose there are two consumers, A and B, and two goods, X and Y. The consumers have the following initial endowments and utility functions: W X A = 2 W Y A = 9 U A ( X , Y ) = X 1 3 Y 2 3 W X B = 6 W Y B = 2 U B ( X , Y ) = 3 X + 4 Y Suppose the price of X is PX=2 and the...
2. Suppose that there is a firm that sells the same good in two different markets...
2. Suppose that there is a firm that sells the same good in two different markets and that it is able to prevent resale from the lower priced market to the higher priced market. The direct demand functions for the two markets are given by the following two equations: Q1 = 8- P1 Q2= 12- P2 Also, the firm produces this good in one plant, so the Total Cost function is given by the following equation: TC = 5 +...
Sam's is interested in two goods, X and Y. His indirect utility function is U* =...
Sam's is interested in two goods, X and Y. His indirect utility function is U* = M px-.6 py-4.    ( same as U* = M /(px.6 py0.4 ) ) where M is Sam's income, and px   and py denote respectively the price of good X and the price of good Y.   Sam's market demand functions are X*=0.6M/px and Y* = 0.4M/py . Find the absolute value of the change in Sam's consumers surplus if the price of good X...
Multiplant monopoly problem: Assume the firm has two plants with the following marginal cost functions: MC1=...
Multiplant monopoly problem: Assume the firm has two plants with the following marginal cost functions: MC1= 20 + 2Q1 MC2= 10 + 5Q2 Assume that the inverse demand curve is P = 500-Q. What is the maximum profit?  Assume total Fixed Costs for plant 1 (TFC1) = $0 and Total Fixed Costs for plant 2 (TFC2) = $0.
Suppose a company has fixed costs of $2400 and variable costs per unit of 15 16...
Suppose a company has fixed costs of $2400 and variable costs per unit of 15 16 x + 1700 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1800 − 1 16 x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) (b) Find the maximum revenue. (c) Form the profit function P(x) from the cost and revenue functions. Find the maximum profit....
Suppose a company has fixed costs of $700 and variable costs per unit of 7 8...
Suppose a company has fixed costs of $700 and variable costs per unit of 7 8 x + 1120 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1200 − 1 8 x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x = 10, 70 (b) Find the maximum revenue. $ (c) Form the profit function P(x) from the cost and revenue...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT