Task
a profit maximizing firm faces the following constrained maximization problem:p(x,y)=80x-2x^2-xy-3y^2+100y
subject to: x+y=12
Determine profit maximizing output level of commodities x and y subject to the conditions that output equals 12
Detailed explanation: YES
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/economics-answer-36830.pdf
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Comments
Leave a comment