Question

A firm produces two items X1 and X2 . The market prices are given by 1 1 p x = − 100 2 and 2 2 p x = − 125 3 . The cost of production is 1 2 1 2 12 11 4 x x x x + + for X1 and X2 items. Find how many items of each should be produced to have the joint profit maximum?

Answer 1

Answer:

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