A company manufactures two products. If it charges price p i for product i, it can sell q i units of product i, where q 1 = 60 - 3p 1 + p 2 and q 2 = 80 - 2p 2 + p 1 . It costs $25 to produce a unit...


A company manufactures two products. If it charges price pi
for product i, it can sell qi
units of product i, where q1
= 60 - 3p1
+ p2
and q2
= 80 - 2p2
+ p1. It costs $25 to produce a unit of product 1 and $72 to produce a unit of product 2. How many units of each product should the company produce, and what prices should it charge, to maximize its profit?



May 22, 2022
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