Use the second order condition for a maximum to check whether or not the values that you have computed do represent a maximum. Suppose that a monopolist offers two different products with demand...

Use the second order condition for a maximum to check whether or not the values that you have computed do represent a maximum.


Extracted text: Suppose that a monopolist offers two different products with demand functions P1 = 56 – 4q1 P2 = 48 – 2q2 The monopolist's joint cost function is C(q1, 92) qỉ + 5q192 + qź