)A two Product finm faces the follow-= 40-2P1demand and Cost function 8-a) Find the output levels that satiaty the12demand amd40-2P,-P2タ,=35-P、- 8follow-ngCont function832Demand function.C%=8it 20+ 10cost function.a) Find the output levels that sati.order Conditionsythetor maximum profit.6)check the 2nd(ondition. Can you conclude that thisProblem Posses aOrder for sufficientunique maximum)c)What in the maximal profit?

We have :- Q1=40-2P1-P2 Or P2=40-2P1- Q1………………………………(I) Q2=35-P1-P2 Or P2=35-P1- Q2…………………..(II)…

) A two Product firm faces the fellow demand and cost functions- 40-2P1-P2 82=35-P-Pz C= 8it2¢十16 a) Find the output levels that satinty the Order Conditions for maximum protit. Demand function. Cont function. 6)check condition. Can you conclude that this Problem Poses a the 2nd onder for sufficient unique maximum c) What in the maximal profit?

) A two Product firm faces the fellow demand and cost functions- 40-2P1-P2 82=35-P-Pz C= 8it2¢十16 a) Find the output levels that satinty the Order Conditions for maximum protit. Demand function. Cont function. 6)check condition. Can you conclude that this Problem Poses a the 2nd onder for sufficient unique maximum c) What in the maximal profit?

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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