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Answer to Question #36830 in Macroeconomics for sylvan
Question #36830
Task
a profit maximizing firm faces the following constrained maximization problem:p(x,y)=80x-2x^2-xy-3y^2+100y
subject to: x+y=12
Determine profit maximizing output level of commodities x and y subject to the conditions that output equals 12
Detailed explanation: YES
a profit maximizing firm faces the following constrained maximization problem:p(x,y)=80x-2x^2-xy-3y^2+100y
subject to: x+y=12
Determine profit maximizing output level of commodities x and y subject to the conditions that output equals 12
Detailed explanation: YES
Expert's answer
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