Question

A firm sells two products. The annual total revenue R behaves as a function of the number of
units sold. Specifically,
R = 4001 - 48x^2 + 1960 y - 8y?
wherez and y equal, respectively, the number of units sold of each product. The cost of producing
two products is :
C = 100 + 27x^2 + 4y2 + 2xy
Determine the number of units which should be produced and sold in order to maximize
annual profil
(1) What is total revenue equal to at the output level determined in ?
(i) What is the maximum profit?
[Delhi Univ. B. Com (H) 2000)​

Answer 1

Vanita answered this. Market offering refers to the whole process of offering or introducing a product in the market for its selling purposes. This involves giving out all the details related to the product such as price, sizes, types, outlets where it is available, etc