Produces units of commodity

Assignment Help Business Economics

Reference no: EM131076464

A company produces x units of commodity A and y units of commodity B each hour. The company can sell all of its units when commodity A sells for p=90−5x dollars per unit and commodity B sells for q=70−4y dollars per unit. The cost (in dollars) of producing these units is given by the joint-cost function C(x,y)=5xy+3. How much of commodity A and commodity B should be sold in order to maximize profit?

Commodity A:______

Commodity B:_____

Reference no: EM131076464

Questions Cloud

Write insertion and removal operations for this tree : In a doubly linked chain, each node can point to the previous node as well as to the next node. Figure 4-9 shows a doubly linked chain and its head pointer. Define a class to represent a node in a doubly linked chain.

Investing in one of two well-diversified portfolios : You are considering investing in one of two well-diversified portfolios. Portfolio A has an expected return of 8% and a beta of 0.85 while Portfolio B has an expected return of 12% and a beta of 1.95. Assuming that you are a rational risk-averse i..

Find the short run equilibrium price and market quantity : There is currently 20 identical firms in a perfectly competitive market. Each firm has a cost function of the form: SC(q) = 10q2 +200q + 7000. The market demand is P = -4QD + 3000. Find the short run equilibrium price, market quantity, and firm quant..

What assets are going to deploy to extinguish these fires : How are you going to coordinate with your resources to evacuate the remaining 38,000 survivors still at the location?Keeping in mind this is an active crime scene, there will be many deceased in the parking lot and inside the coliseum.

Produces units of commodity : A company produces x units of commodity A and y units of commodity B each hour. The company can sell all of its units when commodity A sells for p=90−5x dollars per unit and commodity B sells for q=70−4y dollars per unit. The cost (in dollars) of pro..

What is the earnings per share for abc : As a stockholder of ABC, you receive its annual report. In the financial statements, the firm reported after-tax earnings of $5,200,000 and has issued 1,600,000 shares of common stock. The stock is currently selling for $36 a share. What is the ea..

A system consists of five identical components : As soon as one component fails, the entire system will fail. Suppose each component has a lifetime that is exponentially distributed with λ = .01 and that components fail independently of one another.

Find the points on the ellipse : Find the points on the ellipse 4x2 + y2 = 4 that are farthest away from the point (1, 0). Find the area of the largest rectangle that can be inscribed in the ellipse x2/a2 + y2/b2 = 1

Health care financial reform proposal : Write a paper (1,500-2,000 words) on what you think should be included in a future reform of the health care system, focusing on financial operating changes that would improve efficiency and provide for improved transparency to the public. Include..

User Account

All Pages