Suppose that a manufacturer produces two brands of a product, brand 1 and brand 2. Suppose the demand for brand 1 is x = 88 – p, thousand units and the demand for brand 2 is y = 98 – p, %D thousand...

Extracted text: Suppose that a manufacturer produces two brands of a product, brand 1 and brand 2. Suppose the demand for brand 1 is x = 88 – p, thousand units and the demand for brand 2 is y = 98 – p, %D thousand units, where p, and p, are prices in dollars. If the joint cost function is C = xy, in thousands of dollars, how many of each brand should be produced to maximize profit? brand 1 thousand units brand 2 thousand units What is the maximum profit? thousand dollars Need Help? Read It Watch It